Portfolio News
| July 19, 2010 Teslin River Arranges Short Term Debt Financing | |
| Teslin River Resources Corp. (TLR:TSX-V) ("Teslin" or the "Company") advises that it has arranged for a short term loan (the "Loan") to a maximum amount of $100,000. The Loan is to be provided by Resinco Capital Partners Inc., a major shareholder of the Company. The Loan will be advanced in multiple tranches and interest will be payable at a rate equal to the prime rate charged by the Royal Bank of Canada, plus 3.5% per annum. The Loan is subject to TSX Venture Exchange approval. The funds from the Loan will be used for general working capital. About Teslin River Resources Corp. Teslin River Resources Corp. holds the Rand Claims located approximately 7 kilometres southeast of Horsefly in the Cariboo region of central British Columbia. Based on the reported work and drilling by surrounding operators, the area is considered prospective for a large copper-gold porphyry body. Neighboring properties held by Fjordland Exploration Inc. (FEX:TSX-V) and Cariboo Resources Ltd. (CRB:TSX-V) are currently the subject of significant exploration including drilling by Gold Fields Limited (GFI:NYSE) under an option agreement. ON BEHALF OF THE BOARD "Michael Sweatman" Michael Sweatman, President and CEO Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. | |
