New Talisman rights issue underwriter picks up half the stock after shortfall

Mon, 26 Nov 2012

Nov. 27 (BusinessDesk) - Shareholders of New Talisman Gold Mines applied for only 52 percent of shares on offer under its renounceable rights issue, leaving the underwriter to make up the balance. New Talisman, formerly known as Heritage Gold NZ, had offered about 119.9 million shares at 1 Australian cent or 1.3 New Zealand cents apiece to raise up to A$1.2 million to develop the Talisman mine in New Zealand’s Hauraki District. The rights offer was one new share and an attached option for every three shares held. The company got applications...

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