New Talisman raises half its target at $1.7m

Tue, 14 Mar 2023

Dual-listed New Talisman Gold Mines said its rights issue raised $1.718 million, about half of its target of $3.45m. The minnow prospector – formerly Heritage Gold NZ – said rights to 71.4m shares had been taken up on the three-for-five issue, with an oversubscription of 23.66m shares. Most of the top 20 shareholders participated, it said in a statement to the New Zealand stock exchange (NZX).Chair Samantha Sharif classed the raise as a success, and said it will allow the miner to move forward with its plan to commence bul...

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