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Assignment of NTL Interest in Netcom Global
New Talisman Gold Mines Limited (NZX: NTL) is pleased to announce it has reached agreement to assign its loan to and equity in Netcom Global Inc to Armadale Capital PLC in exchange for 93 million shares in Armadale Capital PLC. Based on the closing price of Armadale shares on AIM on 14 November 2013 the value of the transaction is GBP$241,000 or approximately NZ$468,000.
Chairman Murray McKee said “the assignment of our interests in Netcom and the associated interest in the Mpokoto project provides New Talisman with a significant return on the investment made in February 2013 and continues to provide an exposure to the Mpokoto Gold project”.
Download SX Release 15 November 2013 Assignment of NTL Interest in Netcom Global
Unlisted Options Issued
New Talisman today issued 4,500,000 unlisted options to directors under its Employee Share Option Plan approved on 19 September 2013.
Notice Pursuant to NZSX Listing Rule 7.12.1
Class of Security: Unlisted Options over Ordinary Shares
ISIN: N/A
Number issued: 4,500,000
Issue Price: Nil on issue of Unlisted Options. Exercise price of AUD 1.1 cents to convert one Option to one Ordinary Share.
Payment in Cash: N/A
Amount Paid Up: N/A
Percentage total of class of securities: 53%
Reason for issue: Unlisted Options issued under Employee Share Option Plan
Specific authority for issue: Board Resolution dated 13 November 2013.
Terms of the issue: Options become exercisable 12 months from the issue date, subject to continued service. Options also become exercisable where a person becomes the holder of a relevant interest in 50% or more of the voting shares in the Company or a takeover offer is served on the Company. Options have a term of 5 years from the issue date.
Total number of securities on issue after issue: 8,500,000 Unlisted Options
Treasury Stock: N/A
Date of issue: 13 November 2013
Unlisted Options Issued Under Employee Share Option Plan
New Talisman today issued 4,000,000 unlisted options to eligible employees under its Employee Share Option Plan approved on 19 September 2013.
Notice Pursuant to NZSX Listing Rule 7.12.1
Class of Security: Unlisted Options over Ordinary Shares
ISIN: N/A
Number issued: 4,000,000
Issue Price: Nil on issue of Unlisted Options. Exercise price of AUD 1.1 cents to convert one Option to one Ordinary Share.
Payment in Cash: N/A
Amount Paid Up: N/A
Percentage total of class of securities: 100%
Reason for issue: Unlisted Options issued under Employee Share Option Plan
Specific authority for issue: Board Resolution dated 11 November 2013.
Terms of the issue: 2,000,000 Options are exercisable immediately and 2,000,000 Options become exercisable 12 months from the issue date, subject to the employees continued employment. Options also become exercisable where a person becomes the holder of a relevant interest in 50% or more of the voting shares in the Company or a takeover offer is served on the Company. Options have a term of 5 years from the issue date.
Total number of securities on issue after issue: 4,000,000 Unlisted Options
Treasury Stock: N/A
Date of issue: 11 November 2013
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.