Capital Raise Update

1

New Talisman Gold Mines
Limited

Responsible,
Environmentally
Sustainable Mining

ASX/NZX Code NTL
____________________

Commodity Exposure
GOLD and SILVER

Board and Management

Charbel Nader Chairman/Independent Director
Matthew Hill Chief Executive/ Managing Director
Murray Stevens Non Executive Director
Tony Haworth Independent Director
Jane Bell Company Secretary
Wayne Chowles Chief Operating Officer


Capital Structure
Ordinary Shares at 30/06/2019
2,165m


Shareprice
NZX- 0.007
ASX- 0.006










New Talisman Gold Mines Limited
ACN
Address 541 Parnell Rd, Parnell,
Auckland
Phone +64 27 5557737
Website www.newtalisman.co.nz
Market Announcement
For Immediate Release

NZD 715,000 raised in initial response to Share Purchase Plan;

New Talisman Gold Mines Limited is pleased to advise that its offer to
shareholders to subscribe for additional shares in the company, announced
on 6 June 2019, has met with a very positive response. To date the Company
has received acceptance forms for some NZ$715,000 of new shares from a
broad range of shareholders.
On 19 June the Company announced a three-week extension to the original
closing date of 26 June 2019, due to delays in offer documents being received
by Australian shareholders. New Zealand based shareholders have been
particularly supportive and are responsible for the uptake of NZ$651,000
worth of shares with the balance of investment coming from Australian
shareholders.
In accordance with clause 1.5 of the Terms and Conditions of the offer, New
Talisman has today allotted those applications received by the first closing
date of 26 June. Applications which were received after 26
th
June and those
remaining applications received by 7pm NZ time on 19 July will be allotted on
24 July 2019.

CEO Matthew Hill said “The response to the offer demonstrates the support
strength of shareholders with a number of shareholders indicating interest in
applying for more than their entitlement in the event of any shortfall being
available. The first tranche of funds raised is expected to allow the
completion of metallurgical testwork utilising the pilot plant and deliver the
first physical gold produced from the Talisman mine by late September. Once
testwork is complete the pathway towards a larger capacity plant will be clear
and procurement can commence”

Capital Raise Update