Funding no-shows frustrate mining junior New Talisman

Jonathan Underhill
Mon, 05 Oct 2015

By Jonathan Underhill Oct. 5 (BusinessDesk) - New Talisman Gold Mines, which is scraping up cash to begin bulk sampling work at its Talisman gold mine project in New Zealand’s Hauraki district, is frustrated that a second potential investor has failed to come up with promised funds. Last month Auckland-based Talisman sought legal advice after a Chinese investor failed to settle on the purchase of about 19.9 percent of the company and last Friday it disclosed a second investor hadn't honoured their $400,000 obligation under an underwriting...

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