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New Talisman raises $4.69m, embarks on bulk sampling programme

ASX-listed junior New Talisman has successfully raised $4.69-million through the issue of about 905-million shares, enabling the miner to transition from explorer to developer as it embarks on a bulk sampling programme at Talisman mine, in New Zealand’s Hauraki goldfield. “This result is one of the more successful raisings by a junior miner in New Zealand this year and supports the attractiveness of the Talisman project in a very competitive market for investor funds,” said New Talisman CEO Matthew Hill, adding that the completion of the rights issue enabled the company to bring this “historically productive” mine back into production.