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MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  TRU Precious Metals Corp.    TRU   CA89778V1040

TRU PRECIOUS METALS CORP.

(TRU)
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Tru Precious Metals : Property Purchase Update

10/26/2020 | 05:05pm EST

FREDERICTON, New Brunswick, Oct. 26, 2020 (GLOBE NEWSWIRE) -- TRU Precious Metals Corp. (formerly Trius Investments Inc.) (TSXV: TRU) (“TRU” or the “Company”) announces that it has terminated its mineral property acquisition agreement relating to certain claims in Toogood Arm, Newfoundland, which was initially announced on September 24, 2020. In connection, certain individuals are ceasing their roles as property advisors to the Company, as had been originally announced on October 1, 2020.

About TRU Precious Metals Corp.
TRU seeks unique value-creation opportunities, and is currently assembling a portfolio of gold exploration properties in the Central Newfoundland Gold Belt. The Company’s common shares trade on the TSXV under the symbol “TRU”.

TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture capital markets advisory services and proprietary financing. Resurgent works with promising public and pre-public micro-capitalization Canadian companies.

For further information, please contact:
Joel Freudman
Co-Founder, President & CEO
TRU Precious Metals Corp.
Phone: (647) 880-6414
Website: www.trupreciousmetals.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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Source: TRU Precious Metals Corp.

2020 GlobeNewswire, Inc., source Press Releases

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10/26TRU PRECIOUS METALS : Property Purchase Update
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Financials
Sales 2019 0,03 M 0,02 M 0,02 M
Net income 2019 -0,04 M -0,03 M -0,03 M
Net cash 2019 1,44 M 1,11 M 1,11 M
P/E ratio 2019 -36,3x
Yield 2019 -
Capitalization 6,57 M 5,05 M 5,06 M
EV / Sales 2018 33,8x
EV / Sales 2019 6,91x
Nbr of Employees -
Free-Float -
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Managers
NameTitle
Joel Freudman President, Chief Executive Officer & Director
Damian Lopez Chairman
Robert Harrison Chief Financial Officer & Secretary
David Hladky Director