NTL
29/09/2015 12:26
GENERAL
PRICE SENSITIVE
REL: 1226 HRS New Talisman Gold Mines Limited
GENERAL: NTL: Chinese Investor Update
29th September 2015
FOR IMMEDIATE RELEASE
CHINESE INVESTOR UPDATE: NTL ISSUES LETTER OF DEMAND
New Talisman today announces that investor Mr Yang Xia has failed to settle
the proposed investment by him in 182,855,330 ordinary shares in the company
at a price of .008 per share, as contemplated by the Term Sheet announced on
10th June 2015 between the company and Mr Xia.
The board of NTL is currently considering the options available to it and
taking legal advice. It has issued a letter of demand to Mr Xia.
At the recent AGM NTL shareholders passed a resolution which allows NTL to
complete the transaction contemplated by the Term Sheet without the need for
further shareholder approval.
Matthew Hill
Chief Executive Officer
New Talisman Gold Mines Limited
[email protected]
About New Talisman Gold Mines Ltd
New Talisman Gold is a dual listed (NZX & ASX: NTL) leading New Zealand
minerals development company with over 1900 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 highly prospective mineral interests and
gold properties in the Hauraki and Northland Districts of New Zealand. New
Talisman is a substantial holder of Broken Hill Prospecting Limited, which
holds a significant Mineral Sands and 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 can be found at www.newtalisman.co.nz
End CA:00270922 For:NTL Type:GENERAL Time:2015-09-29 12:26:44
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