Teslin River Resources

Share Structure

Issued and Outstanding	27,131,889
Options	2,450,000
Total	29,581,889
Insiders	17.6%
Institutions	39.6%

 

Ca.67% Aktien in Hände von Insidern! Sehr selten sowas gesehen!

http://www.teslin-river.com/share-structure/

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Teslin River signs deal to acquire Queensgate

 

Teslin Signs Letter Agreement to Acquire Queensgate and Announces Financing
1/10/2011 9:00:06 AM - Market Wire

VANCOUVER, BRITISH COLUMBIA, Jan 10, 2011 (Marketwire via COMTEX News Network) --

TeslinRiver Resources Corp. (TSX VENTURE:TLR) ("Teslin" or the "Company") ispleased to announce that a Letter Agreement has been signed withQueensgate Resources Corporation ("Queensgate") proposing to purchaseall the outstanding shares of Queensgate. The Letter Agreement proposesTeslin issuing one share for each outstanding share of Queensgate.

Queensgateis a private company registered in Quebec. Through its 100 percentowned subsidiary in Nevada, Queensgate owns 100% of the Mustang Propertyand the Morning Star Property in the Walker Lane mineral trend inNevada.

About Mustang

The Mustang Property is comprised of66 claims that are 100% owned by Queensgate. Surface sampling on theMustang Property in 2008 included 11.92g/t Au and 74.1g/t Ag collectedon an adjacent claim within 60 meters of the boundary. A 8 hole, 1,800meter reverse circulation drilling program is planned for the property.

About Morning Star

TheMorning Star Property is comprised of 97 claims with Queensgate having100% mineral rights with a 3% NSR. A 40 line-kilometer IP surveyidentified two significant drill targets for which a 8 hole, 1,500 meterreverse circulation drilling program has been planned.

"We arevery pleased to be in the final stages of acquiring these excellentgold/silver targets," said Michael Sweatman, President and CEO ofTeslin. "We look forward to moving ahead quickly on the drill programsand further exploration as warranted."

The Company also announcesthat it is proceeding with a non-brokered private placement (the"Private Placement") to raise up to $1,250,000. The funds from thisfinancing will be used to start exploration on the new properties andcontinue work at the Tagai property and as general working capital.

Thefinancing will consist of 12,500,000 units (the "Units") at a price of
.10 per Unit. Each unit will consist of one common share and one halfshare purchase warrant (the "Warrants"). Each whole Warrant will allowthe holder to acquire an additional common share of the Company at aprice of
.15 per share for a period of two years following the date ofissuance of the unit. In the event the common shares of the Companyclose for 20 consecutive trading days at an average price of
.30 orabove, the Company shall have the right to accelerate the conversion ofthe Warrants at the exercise price. Any warrants that remain unexercisedwill expire 30 days after issuance of notice of forced conversion bythe Company, which may be completed by way of press release.

Finder'sfees may be paid on all or any portion of the Private Placement. Theprivate Placement is subject to regulatory approval and the securitieswill be subject to a four month resale restriction.

About Teslin River Resources Corp.

TeslinRiver Resources Corp.'s strategy is to build shareholder value byacquiring, exploring and developing a portfolio of copper andcopper-gold porphyry properties throughout North and South America.Teslin has optioned the Tagai and Kenny Dam properties in centralBritish Columbia. Prospecting has returned strong copper anomalies someof which are accompanied by high gold values. Teslin also holds the RandClaims located approximately 7 kilometres southeast of Horsefly in theCariboo region of central British Columbia. Teslin has optioned the RandClaims to Gold Fields Limited (GFI: NYSE) which is also drilling underan option agreement with Fjordland Exploration Inc. (FEX: TSX-V) andCariboo Resources Ltd. (CRB: TSX-V) on contiguous properties. Based onthe reported work and drilling on the surrounding properties, the areais considered prospective for a large copper-gold porphyry body.

About Queensgate Resources Corporation

QueensgateResources Corporation is a private company, founded in 2008, whoseprincipal interest has been exploring and developing epithermal preciousmetal resource potential in Nevada. Queensgate is currently developingtwo properties, both having sufficient work to develop drilling programsfor the 2011 drilling season. The acquisitions and work programs havebeen led by Mr. John Kerr, whose has 40 years of expertise andexperience in Nevada precious metal deposits and Mr. Kerr will continueto provide similar opportunities to the management team of Teslin.

ON BEHALF OF THE BOARD

Michael Sweatman, President and CEO

SOURCE: Teslin River Resources Corp.

Nicola Street Capital Mike Rodger 604.569.0056

Copyright (C) 2011 Marketwire. All rights reserved.

Teslin Signs Option Agreement with Gold Fields on Rand Properties Teslin River Resources Corp. (TLR:TSX-V) (“Teslin” or the “Company”) is pleased to announce that Gold Fields Horsefly Exploration Corporation (Gold Fields), a member of the Gold Fields Limited group of Companies, has completed its due diligence and has paid the initiation fee as outlined in the September 8, 2010 press release. The press release announced a Letter of Agreement granting an option to Gold Fields to earn an interest of up to 80% in Teslin’s Rand properties. Based on the reported work and drilling by surrounding operators, the area is considered prospective for a large copper-gold porphyry body. Gold Fields has indicated that it intends to drill four holes totaling about 1,200 meters on the Rand properties starting mid-January. “We are very pleased that Gold Fields will be moving ahead quickly with their work on the Rand properties,” said Michael Sweatman, President and CEO of Teslin. “I look forward to working with them over the next months to evaluate the potential of Rand.” About Teslin River Resources Corp. Teslin River Resources Corp.’s strategy is to build shareholder value by acquiring, exploring and developing a portfolio of copper and copper-gold porphyry properties throughout North and South America. Teslin has optioned the Tagai and Kenny Dam properties in central British Columbia. Prospecting has returned strong copper anomalies some of which are accompanied by high gold values. Teslin also holds the Rand Claims located approximately 7 kilometres southeast of Horsefly in the Cariboo region of central British Columbia adjacent to where Gold Fields Limited is drilling under an option agreement with Fjordland Exploration Inc. and Cariboo Resources Ltd. Based on the reported work and drilling by surrounding operators, the area is considered prospective for a large copper-gold porphyry body. About Gold Fields Limited Gold Fields is one of the world’s largest unhedged producers of gold with attributable production of 3.5 million ounces per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfields and near mine exploration projects at various stages of development. Gold Fields has total attributable Mineral Reserves of 78 million ounces and Mineral Resources of 281 million ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock Exchange (NYSE), the Dubai International Financial Exchange (DIFX), the Euronext in Brussels (NYX) and the Swiss Exchange (SWX). For more information please visit www.goldfields.co.za. ON BEHALF OF THE BOARD “Michael Sweatman” Michael Sweatman, President and CEO For further information, please contact: Nicola Street Capital Mike Rodger Tel: 604.569.0056