Share
- Release Date: 17/01/14 12:01
- Summary: ASSET: NTL: New Talisman Completes Sale of Shares
- Price Sensitive: No
- Download Document 2.41KB
NTL
17/01/2014 10:01
ASSET
REL: 1001 HRS New Talisman Gold Mines Limited
ASSET: NTL: New Talisman Completes Sale of Shares
17th January 2014
FOR IMMEDIATE RELEASE
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL, NTLOA or NTLO)
NEW TALISMAN COMPLETES SALE OF SHARES
- Sale of balance of Armadale Capital PLC (ACP) shares nets NZ$417,927
- Net return on capital invested in February 2013 of 38%
New Talisman Gold Mines announced today it has completed its program to sell
down the Armadale Capital PLC (ACP) shares issued following the acquisition
by ACP of NTL's interests in the Mpokoto Gold Project.
Following the acquisition late last year of NTL's interests in Mpokoto by
Armadale Capital PLC, a UK listed entity, NTL received 93 Million ACP shares.
NTL has now completed the sale of its shares in ACP netting a total of
NZ$417,927. This represents a return on capital invested by NTL in February
last year of 38%
Executive Director Matthew Hill said "New Talisman is pleased to have exited
this investment on such satisfactory terms. The funds from the sale of the
shares in ACP will be applied to the company's Talisman project which
received resource consents for proceeding with the Bulk Sampling phase of the
project late last year."
Matthew Hill
Executive Director
New Talisman Gold Mines Limited
Direct +64 27 5557737
[email protected]
For more information on New Talisman Gold Mines go to www.newtalisman.co.nz
About New Talisman Gold Mines Ltd
New Talisman Gold is a dual listed (NZSX & ASX: NTL) leading New Zealand
minerals development company with 1800 shareholders who are mainly from
Australia and New Zealand.
The company's flagship asset the Talisman mine holds a JORC compliant mineral
resource, a JORC compliant reserve and has been granted resource consents and
access arrangements for the initial phase of the project. The company is
currently initiating bulk sampling at Talisman and continues to advance the
development of the mine. New Talisman's wholly owned subsidiary Coromandel
Gold Limited holds a portfolio of high quality mineral interests and gold
properties in the Hauraki and Northland Districts of New Zealand.
New Talisman Gold owns 21.7% of Broken Hill Prospecting Limited, which holds
a cobaltiferous pyrite project at Thackaringa, about 25 kilometres south-west
of Broken Hill in Australia. BPL is listed on both the ASX and NZSX (Code:
BPL).
End CA:00246161 For:NTL Type:ASSET Time:2014-01-17 10:01:56
