VANCOUVER, Feb. 14, 2013 /CNW/ - Telson Resources Inc. (TSX Venture - TSN) ("Telson" or the "Company") wishes to announce a correction to the news release dated February 13, 2013.
In the previous news release the amount closed in the 1st tranche was incorrectly stated as $480,000 with the issuance of 4,800,000 units at a price of $0.10 per Unit. The correct amount closed in the 1st tranche should read:
Telson has closed the 1st tranche of its non-brokered private placement for gross proceeds of $380,000 (the "Private Placement") by issuance of 3,800,000 units (each a "Unit") of the Company, at a price of $0.10 per Unit. Each Unit consists of one common share (a "Share") of the Company and one half of one share purchase warrant (each whole warrant a "Warrant"). Each Warrant is exercisable into one additional Share for a period of two years, expiring on January 30, 2015, at a price of $0.10 per Share.
ON BEHALF OF THE BOARD OF DIRECTORS
(signed) "Ralph Shearing"
Ralph Shearing, Chief Executive Officer
"Neither the 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."
WARNING: The Company relies upon litigation protection for "forward-looking" statements. This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Soho Resources Corp. relies upon litigation protection for forward-looking statements.
SOURCE: Telson Resources Inc.