Coromandel gold miner raises $4.69 million in rights issue

Tue, 05 Jul 2016

By Edwin Mitson July 5 (BusinessDesk) - New Talisman Gold Mines has raised $4.69 million in a rights issue that the company had hoped would raise up to $12.26 million. The Coromandel gold prospecting company issued 905,535,515 shares in a 3 for 1 renounceable rights issue at 0.5 cents a share. There was a shortfall of 1,547,632,243 shares and under the listing rules of the NZX and ASX can be placed at the discretion of the board up until Sept. 30. The shortfall means fewer than half of the shares for sale were bought by investors. ...

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