New Talisman places share shortfall, raising $1.77 mln

Wed, 17 Aug 2016

By Edwin Mitson Aug. 17 (BusinessDesk) - Coromandel gold-mining prospector New Talisman Gold Mines has raised $1.77 million through the issue of new shares following a shortfall in its May rights issue. The company said in July that it had raised just $4.69 million in a fundraising that management had hoped would raise up to $12.26 million. Under the rules of the NZX and ASX, it had until the end of September to place some of that shortfall with investors. In a statement, the company said it had issued 353,737,754 shares at 0.5 of a...

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