en.Wedoany.com Reported - Talisker Resources (TSX: TSK) subsidiary Bralorne Gold Mines has signed a loan agreement with 2Shores Capital to secure up to C$11 million (US$11.23 million) in financing for the acquisition of ore sorting and processing equipment at the Bralorne gold project in British Columbia.

Under the loan agreement, the initial advance is C$2.4 million, with subsequent advances totaling up to C$8.6 million, payable in one or more installments. The facility has a term of 36 months from the closing date, with blended monthly principal and interest payments fully amortized over the loan term. The drawn amount carries a 14% interest rate, and each advance is subject to a 1% closing fee.

President and CEO Terry Harbort stated that this loan provides Talisker with non-dilutive capital to purchase the ore sorting and processing equipment required for the company's processing strategy. Using the equipment itself as collateral for the financing, without placing any encumbrance on the company's mineral rights, allows the company to maintain a strong balance sheet as it advances the preliminary economic assessment later this year.

Talisker Resources is a junior resource company engaged in the exploration and development of gold projects in British Columbia, Canada.