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- Release Date: 23/05/13 17:58
- Summary: PLACE: NTL: Completion of Private Placement
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NTL
23/05/2013 15:58
PLACE
REL: 1558 HRS New Talisman Gold Mines Limited
PLACE: NTL: Completion of Private Placement
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED [ASX, NZSX: NTL]
FOR PUBLIC RELEASE
Completion of private placement
New Talisman Gold Mines Limited ("New Talisman") has today completed an
allotment of shares pursuant to a placement to sophisticated and professional
investors.
49,410,000 fully paid shares have been issued, at an issue price of A$0.011
each, under NZX Listing Rule 7.3.5 and ASX Listing Rule 7.1.
A$543,510 has been raised before expenses (these include a brokerage fee of
A$38,045).
The funds will be used to progress the Mpokoto project and for working
capital.
Sue Sangster
Company Secretary
New Talisman Gold Mines Limited
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About New Talisman Gold Mines Limited
New Talisman Gold is dual listed (NZSX, ASX: NTL) with 1,800 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 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.
Broken Hill Prospecting Limited is listed on both the ASX and NZSX (BPL).
Read more about New Talisman Gold at www.newtalisman.co.nz
End CA:00236578 For:NTL Type:PLACE Time:2013-05-23 15:58:31
