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teryl resources corp (TRC) Snapshot

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07/23/14 - C$0.07
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12/8/14 - C$0.0050
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teryl resources corp (TRC) Details

Teryl Resources Corp., an exploration stage company, engages in the acquisition and exploration of mineral properties in Canada and the United States. It is also involved in the acquisition of oil and gas property interests, as well as drilling wells. The company primarily explores for gold, silver, lead, and zinc ores. It owns a 100% interest in the West Ridge property comprising 48 mineral claims covering an area of approximately 5,200 acres located in the Dome Creek area of the Fairbanks Mining District of Alaska. The company also holds a 30% working interest and a 10% net profit interest in the Silverknife property located in the Liard Mining Division in the province of British Columbia; and an option to earn 50% interest in the Fish Creek Prospect consisting of 30 mining claims, which covers an area of 1,032 acres located in the Fairbanks Mining district in Alaska. In addition, it holds a 6.5% working interest in the Peters No. 1 well located in Fayette County, Texas; and 4.992380% interest in the C-S #1 wells, 0.131510% interest in Jancik #2 wells, and 7.5% interest in Herrmann #4 wells located in Burleson County, Texas. The company was formerly known as Candy Mountain Gold Corporation and changed its name to Teryl Resources Corp. in February 1984. Teryl Resources Corp. was incorporated in 1980 and is based in Richmond, Canada.

Founded in 1980

teryl resources corp (TRC) Top Compensated Officers

Founder, Chairman, Chief Executive Officer, P...
Total Annual Compensation: C$33.2K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

teryl resources corp (TRC) Key Developments

Teryl Resources Corp., Annual General Meeting, May 20, 2014

Teryl Resources Corp., Annual General Meeting, May 20, 2014., at 11:00 Pacific Standard Time. Location: Suite 240 - 11780 Hammersmith Way. Agenda: To receive and consider the consolidated financial statements of the corporation for the fiscal year ended May 31, 2013, together with the report of the auditors thereon; to set the number of directors at five; to elect the directors for the forthcoming year; to consider and if deemed advisable, to pass, with or without variation, a resolution to appoint ACAL Group., Chartered Accountants as auditors of the corporation and to authorize the directors of the corporation to fix the auditors remuneration and the terms of their engagement; to consider, and if thought fit, to pass an ordinary resolution to re-approve the corporation's incentive stock option plan, as described in the information circular; and to transact such further or other business as may properly come before the meeting or any adjournment thereof.

Teryl Resources Corp. Acquires 50% Working Interest in the Fish Creek Property from Linux Gold Corp

Teryl Resources Corp. announced it has acquired a 50% working interest in the Fish Creek property from Linux Gold Corp, pursuant to an agreement dated March 5, 2002 /amended January 23, 2012. Linux Gold will retain a 5% net royalty with a limit of $2,000,000. Teryl has the right to purchase the 5% net royalty, for $500,000, within one year of production. The Fish Creek property consists of 30 claims adjacent to the Gil property, currently owned by Kinross Gold Corporation. The Gil 20% interest, previously owned by Teryl Resources Corp., was acquired by Kinross on December 22, 2011 for $15 million in a payment of $2.5 million initially and another payment of $1.5 million when in production with the balance from a 1% royalty. Teryl retains a half of 1% royalty for the life of the mine.


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