Timberline Resources Corporation(TLR)- NYSEMKT
  • Dec. 3, 2015, 3:19 PM
    • Timberline Resources (TLR -9.4%) says the previous acquisition proposal by Waterton Precious Metals has been withdrawn.
    • TLR says it is reviewing strategic alternatives and discussions between the company and various parties, including Waterton, will continue.
    | Dec. 3, 2015, 3:19 PM | 4 Comments
  • Sep. 15, 2015, 12:34 PM
    • Timberline Resources (TLR +37.1%) says Waterton Precious Metals Fund II has offered to acquire all of the company's issued and outstanding shares for $0.58/share, a 65% premium over yesterday's closing price.
    • In connection with the transaction, Waterton will subscribe for ~1.33M common shares of TLR on a private placement basis at $0.375/share for total proceeds of nearly $500M, or ~9.9% of TLR's outstanding shares after the effect of the private placement.
    • Waterton says the acquisition of TLR's assets in Nevada will enhance its existing portfolio of development properties in the region.
    | Sep. 15, 2015, 12:34 PM | 11 Comments