NTL
12/06/2014 15:48
RIGHT
REL: 1548 HRS New Talisman Gold Mines Limited
RIGHT: NTL: Renounceable Rights Issue
New Talisman Gold Mines Limited ("the Company") is pleased to announce the
results of the 1 for 2 renounceable rights issue announced on 30 April 2014.
Up to 282,941,751 ordinary shares were offered at an issue price of NZ or AU
$0.008 per share to enable shareholders to participate in the Talisman Mine
establishment.
The Company received acceptances for a total of 78,722,716 new shares,
raising $634,069 before expenses.
There is a consequential short fall under the rights issue of 204,219,035 new
shares.
The allotment of new shares under the offer is scheduled for Friday 13 June
2014.
The shortfall shares can be placed at the discretion of the Board no later
than 3 months after the closing date of the offer which is 6 September 2014.
Chief Executive Officer, Matthew Hill said "The Board was committed to
offering existing eligible holders the opportunity to participate in the
mines development at the generous discount provided, rather than fund via
external sources. The amount was raised in very difficult market conditions
demonstrating tremendous support by our NZ shareholders who were by far the
highest participants.
The result is one of the most successful rights issues of an Australian and
New Zealand junior mining company over the last 18 months and demonstrates
the market confidence in the company.
Having given shareholders the opportunity to participate we can now look at
further opportunities to complete the funding objectives of the company. We
remain on target for the first production out of Talisman by the end of Q4
2014."
Sue Sangster
Company Secretary
New Talisman Gold Mines Limited
+ 64 9 303 1893
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 20.29% 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.newtalisman.co.nz
End CA:00251517 For:NTL Type:RIGHT Time:2014-06-12 15:48:19
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