On Sept. 26, 2019, TriMetals Mining Inc. (TSX: TMI) (US OTCQB: TMIAF) ("TMI") closed its previously announced transaction with Wealth Minerals Ltd. and its wholly-owned subsidiary, Wealth Copper Ltd.
Pursuant to the transaction, Wealth Copper acquired 100% of TMI's interest in the mineral exploitation and exploration concessions and related assets that comprise the Escalones copper-gold porphyry project in Chile, for a combination of common shares of Wealth Copper, cash and a 2% NSR royalty on the project.
TMI is a growth-focused gold exploration company creating value through the exploration and development of the near-surface Gold Springs gold-silver project in Nevada and Utah.
Gowling WLG was counsel to TMI with respect to this transaction with a team that included Tina Woodside, Brett Kagetsu, France Tenaille, Raymond Ong and Sarah Baddeley.
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