New Talisman gold mines seeks capital, board member John Upperton considers exit

New Talisman Gold Mines Ltd (NTL) announced on September 10, 2025, that it is seeking working capital via a placement facility for eligible sophisticated and professional investors. The placement is open until 5 pm Friday, September 12, 2025, with applications available by contacting John Upperton. The price for the placement facility will be a 10% discount to the 10-day VWAP prior to the allotment date of Monday, September 15, 2025. Director participation is confirmed now that the company is delisted from ASX.

Separately, John Upperton, a member of the NTL board, is considering his future with the company. He stated that his objectives for instigating governance change and bringing Talisman into production have been met. He plans to pursue wider interests in semi-retirement and address health issues, but will work to ensure a smooth transition. Upperton also confirmed his participation in this placement round.