TRU Precious Metals Completes Purchase of Twilite Gold Project

November 09, 2020

TRU Precious Metals Corp. (TSXV: TRU.H) has completed the indirect acquisition of 65 mineral claims located in Central Newfoundland known as the Twilite Gold Project, along with all related permits and technical data, in exchange for (i) 1,435,000 TRU common shares; (ii) $100,000 in cash; and (iii) a 1.0% net smelter returns royalty from any future mineral production at the Twilite Gold Project.

TRU is a TSXV-listed investment issuer currently assembling a portfolio of gold exploration properties in the Central Newfoundland Gold Belt.

Wildeboer Dellelce LLP acted for TRU with a team that consisted of Michael Rennie and Carlye Bellavia (corporate/securities and mergers & acquisitions).