MC 10mil Tight spread - 70% held by top 20 33,850,004 ordinary 16,925,003 options exercisable at $0.20 each on or before 9 March 2015
3,575,000 escrowed for 12 months 22,275,000 escrowed for 24 months
"These regional porphyry copper-gold exploration areas lie in the El Indio Metallogenic Zone within a few kilometres of Barrick Gold's Veladero and Pascua-Lama operating gold mines. In 2009, Veladero produced 611,000 ounces of gold at total cash costs of US$438 per ounce. Proven and probable mineral reserves as of December 31, 2009 are estimated at 12.0 million ounces of gold1. Pascua-Lama has proven and probable reserves of 17.8 million ounces of gold, with 671 million ounces of silver contained within the gold reserves2."click here for source
Also interesting to note yesterday's substantial holder notice from Independence Group (IGO) now makes them majority s/holder with 20%, yet it didn't stop their 3% drop today.
TRL Price at posting:
29.1¢ Sentiment: Hold Disclosure: Held
