New Talisman Gold Mines completes private placement, bolsters working capital

New Talisman Gold Mines Limited (NTL) announced the successful completion of its private placement, raising NZ$679,088.24. This was achieved by issuing 30,867,648 ordinary shares at NZ$0.022 per share, representing a 15% discount to the 5-day volume-weighted average price prior to allotment. The shares are scheduled for allotment today, Monday, December 15, 2025.

In addition to the placement, NTL issued 2,090,909 shares under the same terms to two directors and a security supplier. These shares will compensate them for fees incurred from December 2025 to February 2026, with progressive monthly transfers. Furthermore, New Talisman Gold Mines' general manager and another director have agreed to defer their fee payments until March 2026. The proceeds from this private placement will be allocated to the company’s working capital.