Timberline Resources Corporation (TBLC.OB) to Acquire Small Mine Development LLC
Timberline Resources Corporation (TBLC.OB), a mineral exploration company, announced that the company has signed a non-binding Letter of Intent to acquire Small Mine Development LLC, an underground mine contractor in the United States. As a result, Timberline Resources Corporation has appointed the founder, the owner, and the general manager of Small Mine Development LLC, Ron Guill, to their board of directors last month. Timberline has also retained Jefferies & Company Inc as an acquisition advisor. Jefferies & Company provides clients with flexible, highly productive underground mining solutions while maintaining a commitment to mine safety. Specifically, Small Mine Development LLC expects…