Share
NTL
05/09/2013 15:44
S/HOLDER
REL: 1544 HRS New Talisman Gold Mines Limited
S/HOLDER: NTL: Share Purchase Plan
Share Purchase Plan
New Talisman Gold Mines Limited is pleased to announce that it is giving
shareholders the opportunity to participate in the company's capital raising
program in the form of a Share Purchase Plan (SPP).
The SPP will provide shareholders resident in New Zealand or Australia
(eligible shareholders) on 4 September 2013 (the record date) the opportunity
to subscribe for shares up to NZ$15,000, or Australian $12,600 in total or in
lots of NZ$1,000 or Australian $900.
New Talisman has decided that the SPP is not able to be made to shareholders
who are resident in other countries so as to avoid breaching laws in the
relevant jurisdictions. New Talisman, in making this decision, has taken
into account the small number of overseas shareholdings within holders not
resident in New Zealand or Australia.
The issue price will be NZ 1.0 cent or AU 0.86 cent.
The issue price has been calculated by taking the volume weighted average
price of New Talisman shares traded on the NZX Main Board over the 5 trading
days prior to the offer date and discounting this price by 9%. The Australian
dollar equivalent has been calculated by converting the NZ dollar issue price
to Australian currency using the Westpac bank exchange rate applicable at
close of business on 4 September 2013 which is 0.8578.
Funds raised from the SPP will be used to initiate underground bulk sampling
and evaluation at New Talisman Mine in Karangahake (including mining and
processing options, safety and environmental requirements and relevant
consents) and for working capital.
The SPP documents will be mailed to shareholders on 10 September 2013.
The offer closes at 5pm New Zealand time on Wednesday 26 September 2013 and
allotment is scheduled to occur on 2 October 2013.
Shares issued under the SPP will be quoted on the NZX Main Board, and
application will be made for shares to be quoted on the ASX, and are expected
to commence trading on the trading day after the allotment date. NZX Limited
is a registered exchange, and the NZX Main Board is a registered market,
regulated under the Securities Markets Act 1988. NZX Limited and ASX accept
no responsibility for any statement in this announcement or the SPP
documentation.
End CA:00240757 For:NTL Type:S/HOLDER Time:2013-09-05 15:44:13
