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- Release Date: 15/11/13 19:01
- Summary: ASSET: NTL: Assignment of New Talisman Interest in Netcom Global
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NTL
15/11/2013 17:01
ASSET
REL: 1701 HRS New Talisman Gold Mines Limited
ASSET: NTL: Assignment of New Talisman Interest in Netcom Global
15 November 2013
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL and NTLOA or NTLO)
FOR IMMEDIATE RELEASE
Assignment of New Talisman Interest in Netcom Global
New Talisman Gold Mines Limited (NZX: NTL) is pleased to announce it has
reached agreement to assign its loan to and equity in Netcom Global Inc to
Armadale Capital PLC in exchange for 93 million shares in Armadale Capital
PLC. Based on the closing price of Armadale shares on AIM on 14 November
2013 the value of the transaction is GBP$241,000 or approximately NZ$468,000.
Chairman Murray McKee said "the assignment of our interests in Netcom and the
associated interest in the Mpokoto project provides New Talisman with a
significant return on the investment made in February 2013 and continues to
provide an exposure to the Mpokoto Gold project".
Matthew Hill
Executive Director
+6493031893
About New Talisman Gold Mines Ltd
New Talisman Gold is a dual listed (NZX Main Board & ASX: NTL) with 1800
shareholders who are mainly from Australia and New Zealand. It is a leading
New Zealand minerals development and exploration company with a portfolio of
high quality mineral interests. Its gold properties near Paeroa in the
Hauraki District of New Zealand are a granted mining permit, including a JORC
compliant mineral resource within the original Talisman underground mine, and
an adjacent exploration permit along strike from the mine. The company is now
advancing its plans to develop the mine, and advance the exploration project.
Through a subsidiary company, New Talisman Gold owns 21.7% of Broken Hill
Prospecting Limited, which is planning to develop a cobalt project at
Thackaringa, about 25 kilometres south-west of Broken Hill in Australia. BPL
is listed on the ASX (Code: BPL). More about New Talisman Gold at
www.newtalismangold.co.nz
End CA:00243889 For:NTL Type:ASSET Time:2013-11-15 17:01:35
