NTL
27/11/2012 10:04
RIGHT
REL: 1004 HRS New Talisman Gold Mines Limited
RIGHT: NTL: Rights Issue Closure and Notice of Shortfall
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL)
FOR IMMEDIATE RELEASE
RIGHTS ISSUE CLOSURE AND NOTICE OF SHORTFALL
New Talisman Gold Mines advises that it has received valid applications from
shareholders for 62,454,405 shares pursuant to the renounceable rights issue
announced to the market on 29 August 2012 ("Rights Issue"). The Rights Issue
offered existing shareholders one new share and one attaching option for
every three shares held at the Record Date at an issue price of AU$0.010 or
NZ$0.013.
Number of Shares on Offer 119,851,516
Number of Applications Received 379
Shares Validly Applied for 62,474,405
Value of Shares applied for NZ$804,172
Shortfall Shares 57,377,111
Shortfall Value AU$573,771 (NZ $728,228)
Total funds raised from the Rights Issue, including the underwritten
shortfall and before expenses, is NZ$1,532,400. The offer is underwritten by
Canaccord Genuity (Australia) Limited. Allotment under the offer is
anticipated to occur on 28 November 2012 and quotation of the shares and
options is scheduled to occur on 29 November 2012.
The funds raised will be used to advance the Talisman project through
prefeasibility, including a project development study to include mining and
processing options, safety and environmental requirements; and to fund
general working capital.
Matthew Hill
Executive Director
New Talisman Gold Mines Ltd
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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 both the ASX and NZSX (Code: BPL).
More about New Talisman Gold at www.newtalismangold.co.nz
End CA:00230266 For:NTL Type:RIGHT Time:2012-11-27 10:04:07
