Placement Formula and Market Update

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__________________________________________________________________________
10 September 2025
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED
(NZX: NTL)
FOR IMMEDIATE RELEASE
Placement Formula and Market Update
Placement
New Talisman Gold Mines Ltd informed the Market on Friday 5th September that it would be
seeking working capital via a Placement facility to eligible sophisticated and professional
investors under clause 19 of Schedule 1 of the Financial Markets Conduct Act 2013 (FMCA).
The NTL Board has met today and set the price formula for the Placement facility, being a
10% discount to the 10 day VWAP prior to the allotment date, Monday 15th September.
Previously, ASX rules have precluded NTL Directors from participating in Placements, but
with the company now delisted from ASX, we can confirm there will be Director participation
in this Placement.
The Placement is open to eligible sophisticated and professional investors with a close of
5pm Friday 12th September. Request for Application can be made by contacting John
Upperton email john@newtalisman.co.nz or ph 0277035999

Management Transition
With the objectives at the time of his election to the NTL Board now met, in the interests of
full transparency, John Upperton wishes to disclose that he is considering his future with the
company.
“I was elected to the NTL Board to instigate change in governance and bring Talisman into
production. With these objectives now met it is appropriate for me to consider stepping away
to pursue wider interests in semi-retirement and take the chance to address some recurrent
health issues. I will work together with the NTL Board to ensure a smooth transition when the
time is right and handover confident the company is in a great space to continue its projects.
There is no set timeframe for any Board or Management transition, but I and the full Board
are in agreement that it is appropriate investors should be aware of my intentions.
I’m also pleased to say I’m continuing to put my money where my mouth is by participating
in this Placement round.” he said.





Jane Bell
Company Secretary
New Talisman Gold Mines Limited
2b Gibraltar Cres,
Parnell, Auckland 1052
Office +64 9 303 1893
info@newtalisman.co.nz

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__________________________________________________________________________________
10 September 2025



NZX Market Announcements
Wellington


NEW TALISMAN GOLD MINES LIMITED (NZX: NTL)
PLACEMENT CLEANSING NOTICE

New Talisman Gold Mines Limited (the Company) is seeking to make a private placement
to sophisticated and professional investors investors. The Placement will be made under
clause 19 of Schedule 1 of the Financial Markets Conduct Act 2013 (FMCA).
For the purposes of clause 20(1)(a) of Schedule 8 to the Financial Markets Conduct
Regulations 2014 (FMCR) and the FMCA, the Company advises that as at the date of this
notice:
1 the Company is in compliance with:
1.1 the continuous disclosure obligations that apply to it under the FMCA in
relation to the Company’s quoted ordinary shares;
1.2 its “financial reporting obligations” within the meaning set out in clause 20(5)
of Schedule 8 of the FMCR.
2 there is no information that is “excluded information” within the meaning set out in
clause 20(5) of Schedule 8 to the FMCR.
The Placement is not expected to have any material effect or consequence on the “control”
(as defined in clause 48 of Schedule 1 to the FMCA) of the Company.


Yours faithfully,





Jane Bell
Company Secretary
New Talisman Gold Mines Limited
2b Gibraltar Cres,
Parnell, Auckland 1052
Office +64 9303 1893
info@newtalisman.co.nz

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Template
Corporate Action Notice
(Other than for a Distribution)
Updated January 2024
Page 1 of 3
[NOTE: This form must be used by an Issuer to notify the market of a corporate action other than a distribution (for
example: a Rights issue, Accelerated Offer, bonus issue, Placement or Share Purchase Plan).
There are different times when this form must be released via the Market Announcement Platform (MAP) depending
on the type of action.
This form must be submitted to NZX for release through MAP:
• in compliance with Listing Rule 4.17.6 or 4.17.7 for a Rights issue or Accelerated Offer;
• in compliance with Listing Rule 4.17.8 for a Share Purchase Plan; and
• in compliance with Listing Rule 4.17.9 for a Placement
• in compliance with Listing Rules 3.14.1, at least 5 Business Days prior to the Record Date for other types of
corporate action.]
Section 1: Issuer information (mandatory)
Name of issuer New Talisman Gold Mines Ltd
Class of Financial Product Ordinary Shares
NZX ticker code NTL
ISIN (If unknown, check on NZX
website)
NZHERE0001S6
Name of Registry Computershare
Type of corporate action
(Please mark with an X in the relevant
box/es)
Share Purchase
Plan/retail offer
Renounceable
Rights issue or
Accelerated
Offer

Capital
reconstruction
Non-
Renounceable
Rights issue or
Accelerated
Offer

Call Bonus issue
Placement X
Record date 12/09/2025
Ex Date (one business day before the
Record Date)
11/09/2025
Currency NZD
External approvals required before offer
can proceed on an unconditional basis?
N
Details of approvals required Board Resolution

2 of 3
Section 7: Placement
(delete full section if not applicable, or mark rows as N/A if not applicable)*
Number of Equity Securities to be
issued
To be confirmed as price formula is 10% discount on 10
Day VWAP at time of allotment which will be Monday 15
September
Issue price per Equity Security To be confirmed as price formula is 10% discount on 10
Day VWAP at time of allotment which will be Monday 15
September
Maximum dollar amount of Equity
Securities to be issued
1

The maximum amount will be determined once
subscription notices have been received
Proposed issue date 15/09/2025
Existing holders eligible to
participate
2

Y
Related Parties eligible to
participate
3

Y
Basis upon which participation by
existing Equity Security holders will
be determined
Those that have expressed an interest in participating in a
placement should it occur
Purpose(s) for which the Issuer is
issuing the Equity Securities
Working Capital
Reason for placement rather than a
pro-rata rights issue or an offer
under a Share Purchase Plan in
which the Issuer’s existing Equity
Security holders would have been
eligible to participate
The quantum to be raised doesn’t warrant the cost of a full
rights issue or SPP.
Equity Securities to be issued
subject to voluntary escrow
N
Number and class of Equity
Securities to be issued that will be
subject to voluntary escrow and the
date from which they will cease to
be escrowed
n/a
Section 8: Lead Manager and Underwriter (mandatory)
Lead Manager(s) appointed N
Name of Lead Manager(s) n/a

1

Where the issue price per Equity Security is not fixed, and the number of Equity Securities to be issued is not known, the Issuer
should instead indicate the maximum dollar amount of Equity Securities to be issued.
2
Issuers should answer Y if existing shareholders are eligible to participate even if their participation is subject to satisfaction of
eligibility criteria applying to the placement generally, such as the offer only being made to investors in certain jurisdictions or with a
certain status, such as wholesale, sophisticated or professional investors only.
3
Issuers should answer Y if there are no restrictions on participation by Related Parties as a result of their status as Related Parties
(i.e. restrictions on participation applying to the placement generally should be disregarded).

3 of 3
Fees, commission or other
consideration payable to Lead
Manager(s) for acting as lead
manager(s)
n/a.
Underwritten N
Name of Underwriter(s) n/a
Extent of underwriting (i.e. amount
or proportion of the offer that is
underwritten)
n/a
Fees, commission or other
consideration payable to
Underwriter(s) for acting as
underwriter(s)
n/a
Summary of significant events that
could lead to the underwriting
being terminated
n/a
Section 9: Authority for this announcement (mandatory)
Name of person authorised to make this
announcement
Jane Bell
Contact person for this announcement Jane Bell
Contact phone number 021764224
Contact email address jane@newtalisman.co.nz
Date of release through MAP 10/09/2025


* Please do not delete individual rows. Full sections can be deleted if the section relates to a different type of
corporate action
** Please note that in NZX’s systems, standard rounding indicates 0.5 and above round up, below 0.5 round down.
Please contact NZX if you are intending to treat fractions differently.