New Talisman seeks legal advice after no-show by Chinese investor who was to buy up to 25%

Tue, 29 Sep 2015

By Jonathan Underhill Sept. 29 (BusinessDesk) - New Talisman Gold Mines is seeking legal advice after a Chinese investor failed to settle on the purchase of about 183 million shares in a transaction that would have provided $1.46 million toward the development of the Talisman gold mine project in New Zealand’s Hauraki district. Auckland-based New Talisman first flagged the sale at 0.8 cents a share in June, when it announced it had signed what it termed a binding term sheet with potential investor Yang Xia. The money raised was to have be...

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