NTL
02/10/2013 15:22
S/HOLDER
REL: 1522 HRS New Talisman Gold Mines Limited
S/HOLDER: NTL: New Talisman Raises NZ$348,445 under SPP
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL, NTLOA or NTLO)
FOR IMMEDIATE RELEASE
NEW TALISMAN RAISES NZ$348,445 UNDER SHARE PURCHASE PLAN
New Talisman Gold Mines Limited has raised NZ$348,445 (before expenses)
following receipt of valid applications and payment under the terms of its
Share Purchase Plan dated 5 September 2013.
New Talisman executive director Matthew Hill said "the company had a good
response from existing shareholders, particularly New Zealand residents,
which underlines shareholder confidence in our plans for the next step in the
company's operations toward full mining. We are in discussions with a number
of institutional investor groups and their representatives to complete a
placement for remaining funds required to initiate bulk sampling and
production of gold from such operations under the terms of our mining
permit".
88 New Zealand shareholders and 17 Australian shareholders joined the Share
Purchase Plan, raising NZ$258,000 and AU$79,700 respectively
As a result of the Share Purchase Plan, New Talisman is issuing 35,067,437
shares today at NZ 1.0 cents or AUD 0.86 cents per share, raising the
equivalent of NZ$348,445 (before expenses). The funds raised will be used to:
Initiate underground bulk sampling and evaluation at the Talisman Mine in
Karangahake (including mining and processing options, safety and
environmental requirements and relevant consents) and for working capital.
All valid applications for shares will be issued for trading on 3 October
2013.
Matthew Hill
Executive Director
New Talisman Gold Mines Limited
+64 27 555 7737
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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 the ASX (Code: BPL). More about New Talisman Gold at
www.newtalisman.co.nz
End CA:00241911 For:NTL Type:S/HOLDER Time:2013-10-02 15:22:22
