10th July 2015
COMPANY SNAPSHOT
Board of Directors
Alan Senior
Non-Executive Chairman
Gary Lethridge
Managing Director
Brian Dawes
Non-Executive Director
Karen Gadsby
Non-Executive Director
Contact Details
6 Centro Avenue Subiaco, Western Australia, 6008
Telephone:
+61 8 9380 4230
Facsimile:
+ 61 8 9382 8200
Email:
[email protected]
Website:
www.talismanmining.com.au
Capital Structure
Shares on Issue:
131,538,627 (TLM)
Options on Issue:
7,250,000 (Unlisted)
ASX: TLM
Talisman raises $8.0M to progress WA
copper-gold and nickel projects
Strongly supported placement to institutional and sophisticated investors including existing shareholders
Talisman Mining Limited (ASX: TLM - "Talisman"), is pleased to advise that it has successfully raised a total of approximately $8.0 million (before costs) through a strongly supported share placement of approximately 17 million shares at 47 cents (Placement).
The Company has received firm commitments and undertakings for the Placement, which is being undertaken to strategic, professional and sophisticated investors as defined under Section 708 of the Corporations Act.
The Placement was undertaken with Bell Potter Securities Limited as Lead
Manager and Bookrunner with the proceeds raised being within the Company's
15% placement capacity in accordance with ASX Listing Rule 7.1. The Placement shares will rank pari passu with the Company's existing ordinary shares.
Following allotment of the shares, Talisman will have approximately 148.6 million ordinary shares on issue and available cash reserves of approximately $11.8 million. Settlement is scheduled to occur on or before 16th July 2015, with placement, allotment and quotation on the ASX anticipated within one (1) business day of settlement.
Talisman's Managing Director, Gary Lethridge, said the placement was exceptionally well supported by both existing and new shareholders despite the extremely volatile and challenging global equity market conditions experienced this week.
"This is a great result, and I would like to take this opportunity to thank all of those who participated, including our major shareholder Kerry Harmanis, who continues to demonstrate outstanding ongoing support and encouragement of Talisman," he said."
"The funds raised will provide support for any potential future requirements for Talisman to contribute to joint venture funding at our Doolgunna copper-gold joint venture with Sandfire Resources NL, including the recent high-grade Monty discovery, to progress our growth strategy at the Sinclair nickel project and for working capital," he said.
For further information, please contact: For media inquiries, please contact Gary Lethridge - Managing Director Nicholas Read - Read Corporate on +61 8 9380 4230 on +61 419 929 046