New Talisman Gold Mines has released the offer document for its upcoming rights offer, as the company seeks to raise about $2 million.

The offer, which is being made to eligible shareholders in New Zealand and Australia, opens on Thursday.

It is structured to provide all eligible shareholders with a fair opportunity to participate and the chance to buy shares at a discount relative to the prevailing share price.

The allotment and issue of new shares is expected to take place on August 2, with the quotation of new shares on the NZX Main Board anticipated on August 5.

The offer document contains full details and indicative dates of the offer. 

New Talisman Gold Mines cautioned that these dates are subject to change and the company reserves the right to amend the timetable.

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