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PRESS RELEASE
Timberline Closes Over-Subscribed Non-Brokered Private Placement
Timberline Resources Corporation (OTCQB: TLRS)(TSX-V: TBR) has announced the closing of its non-brokered private placement offering, subject to regulatory approval. The oversubscribed offering resulted in the issuance of 15,750,000 units at a price of US$0.04 per unit, generating total gross proceeds of US$630,000. The offering was led by an order from Crescat Capital in the amount of US$100,000.
