COEUR D'ALENE, IDAHO--(Marketwired - Dec. 3, 2015) - Timberline Resources Corporation (NYSE MKT:TLR)(TSX VENTURE:TBR) ("Timberline" or the "Company"), wishes to provide an update on the proposed transaction as outlined in the Company's press release dated September 15, 2015, whereby Waterton Precious Metals Fund II Cayman, LP (together with its subsidiaries and affiliated and associated entities, "Waterton") offered to acquire all of the issued and outstanding shares of Timberline's common stock for cash consideration of US$0.58 per Timberline share (the "Transaction"). The exclusivity period granted to Waterton under a non-binding Letter Agreement dated September 13, 2015 has expired, and...
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