Tru Precious Metals Corp
TRU TSXV – TRUIF OTC
Gold To $2900 OZ BY 2025
These gold mining shares are in the spotlight this week while inflation begins to boil over and interest rates rise. Gold predicted to hit $2900 US by 2025
Investors are seeking market stability and are presently adding gold to their portfolios. This is just the beginning.
These shares have resumed trading with a 52 week high of $0.38 CA which we expect will be surpassed in an upside BREAKOUT as the price of gold reflects inflations upward surge just now beginning.
Company intends to raise $3.5 Mill TSXV pending All serious investors must place these shares on their BUY LIST
TRU Precious Metals Continues Consolidation at its Flagship Golden Rose Project in Central Newfoundland
Fredericton, New Brunswick–(Newsfile Corp. – July 8, 2021) – TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (“TRU” or the “Company”) is pleased to announce it has entered into an asset purchase agreement (the “Purchase Agreement”) to acquire a claims package (the “Purchased Assets”), along with related permits and technical data, contiguous with the Company’s flagship Golden Rose Project in Central Newfoundland’s Gold Belt. The Purchased Assets are comprised of five licences (45 claims) covering 1,125 hectares. Portions of the Purchased Assets are located along trend from the 550m long South Wood Lake Gold Zone and provides additional coverage should the gold zone extend onto the land comprising the Purchased Assets. Additionally, certain historic drill holes have been collared on the Purchased Assets targeting the Sure Shot and Hill Top gold occurrences found at the Company’s Golden Rose Project, which are located within a few hundred meters of the Purchased Assets.
Joel Freudman, Co-Founder and CEO of TRU, commented: “Consistent with TRU’s stated strategic objective of continuing the expansion and addition of properties of merit along the Shear Zone, this acquisition is further cementing our rapid growth at our flagship Golden Rose Project. Golden Rose is prime real estate for TRU and adding to our land position is key to TRU’s strategic objectives.”
Figure 1: Location of licences comprising the Purchased Assets
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Terms of the Purchase Agreement
Pursuant to the Purchase Agreement, the vendors will receive an aggregate of 80,000 common shares in the capital of TRU at a deemed price of $0.25 per share as consideration for the Purchased Assets. All TRU shares issuable under the Purchase Agreement will be subject to a hold period expiring four months and one day from the date on which such shares are issued.
The acquisition of the Purchased Assets remains subject to customary conditions. The transaction is expected to be completed as soon as is practicable based on governmental claims transfer processing times and remains subject to regulatory approval by the TSX Venture Exchange. The transaction is an “arm’s length transaction” as defined in the policies of the TSX Venture Exchange and no finder fees are being paid in connection therewith.
Barry Greene, P.Geo. is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the contents and technical disclosures in this press release. Mr. Greene is a director and officer of the Company and owns securities of the Company.
About TRU Precious Metals Corp.
TRU has assembled a portfolio of 5 gold exploration properties in the highly prospective Central Newfoundland Gold Belt. The Company has an option with a subsidiary of TSX-listed Altius Minerals Corporation to purchase 100% of the Golden Rose Project, located along the deposit-bearing Cape Ray – Valentine Lake Shear Zone. TRU also owns 100% of the Twilite Gold Project, located along the same Shear Zone, and 3 under-explored properties including its Rolling Pond Property (under option) bordering New Found Gold Corp.’s high-grade Queensway Project. TRU’s common shares trade on the TSX Venture Exchange under the symbol “TRU”, on the OTCQB Venture Market under the symbol “TRUIF”, and on the Frankfurt exchange under the symbol “706”.
TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture capital markets advisory services and proprietary financing. Resurgent works with promising public and pre-public micro-capitalization Canadian companies. For more information on Resurgent and its portfolio companies, please visit Resurgent’s LinkedIn profile at https://ca.linkedin.com/company/resurgent-capital-corp
Neither the Exchange nor its Regulation Services Provider (as that term is defined in policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Generally, forward-looking information can be identified by the use of words and phrases such as “plans”, “expects”, “continues”, “intends”, “anticipates”, or “believes”, or variations of such words and phrases indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken or occur. Forward-looking information in this press release includes, without limitation, statements regarding resumption of trading of the Shares on the Exchange and TRU’s exploration plans and corporate strategy. This forward-looking information consists of disclosure regarding possible events, conditions or results and is based on numerous assumptions that management believes to be reasonable in the circumstances, including that TRU will be able to successfully execute on its corporate and exploration plans.
The forward-looking information in this press release is subject to a number of risks and uncertainties that may cause TRU’s actual results or performance to differ materially from those expressed or implied by such forward-looking information, including but not limited to risks inherent to the mineral exploration industry, and those risks described in the Company’s continuous disclosure documents. There can be no assurances that the forward-looking information herein will prove to be accurate, as actual results and future events may differ materially from those anticipated by such information. Accordingly, investors should not place undue reliance on such forward-looking information. TRU does not undertake to update any forward-looking information in this press release, except as required by applicable securities laws.
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