trending Market Intelligence /marketintelligence/en/news-insights/trending/qhgnmhvpyzp0vaovnvzcja2 content esgSubNav
In This List

Telson pays US$8M, converts remaining US$8.5M to loan in Campo Morado mine deal

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Telson pays US$8M, converts remaining US$8.5M to loan in Campo Morado mine deal

Telson Mining Corp. made a partial payment of US$8 million to Nyrstar Mining Ltd. under an April 2017 share purchase agreement to acquire the Campo Morado zinc mine in Mexico for US$20 million.

The company also entered into a loan agreement with Nyrstar Canada (Holdings) Ltd. that effectively converts the final US$8.5 million due under the acquisition agreement into a loan and extends the payment terms over the next eight months.

The loan will bear interest at 10% per annum and needs to be paid off by Feb. 28, 2019, Telson said June 13.