Treasury Metals arranges $2.5-million financing

Dec 4, 2013

TREASURY METALS ANNOUNCES FLOW-THROUGH FINANCING

Treasury Metals Inc. has entered into an agreement with Secutor Capital Management Corp., pursuant to which a syndicate of agents led by Secutor and including Canaccord Genuity Corp. will raise aggregate gross proceeds of up to $2.5-million in flow-through common shares of the company at a price of 40 cents per flow-through share.

In addition, the Company will grant the Agents an option to sell additional Flow-Through Shares to raise additional gross proceeds of up to $450,000 exercisable at any time before the closing of the Offering. The net proceeds of the Offering will be used for the advancement of the Company’s Goliath Gold Project and general working capital purposes.

Closing of the Offering is anticipated to occur on or about December 19, 2013. Closing of the Offering is subject to receipt of regulatory approvals, including the acceptance of the Offering by the Toronto Stock Exchange. The Flow-through Shares issued pursuant to the Offering will be subject to a four-month hold period under applicable securities laws in Canada.

In consideration of the Agents’ services, the Company has agreed to pay the Agents a cash commission of 7.0% of the gross proceeds raised under the Offering.

Treasury Metals is also pleased to announce it has been notified by RMB Resources Inc. (“RMB”) that RMB has issued final approval of its mandate to arrange for and provide to the Company a $6,000,000 Feasibility Finance Facility by the lender, RMB Australia Holdings Limited (see News Release November 15, 2013).

http://www.treasurymetals.com/s/press_releases.asp