Capital Change Notice

Capital Change Notice



Section 1: Issuer information
Name of issuer New Talisman Gold Mines
Limited
NZX ticker code NTL
Class of financial product Convertible Debt Securities
ISIN (If unknown, check on NZX website) N/A
Currency NZD
Section 2: Capital change details
Number issued 1,000,000 Convertible Debt
Securities of $1.00 principal
amount
Nominal value (if any) NZ$1.00 each
Issue price per security

Each Convertible Debt Security
has the following terms:
• Term, 18 months from
drawdown,
• Drawdown of the
Convertible Debt
Security will be in one
tranche,
• Annual Interest rate of
9.5%, payable quarterly
in cash, there is no
option to settle interest
by any other means.
• Conversion to ordinary
shares at the 18 month
anniversary of
drawdown at a 15%
discount to the
preceding 20 day
VWAP of the ordinary
shares of the Company,
or at the discretion of
the Company repaid in
cash on the 18 month
anniversary of
drawdown, with no
additional fees.
• The Convertible Debt
Security will be
unsecured and rank
pari-passu with

unsecured trade
creditors
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Paid in full
Percentage of total class of Financial Products issued
(calculated on the number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
100% of Convertible Debt
Securities
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
Conversion to ordinary shares
at the 18 month anniversary of
drawdown at a 15% discount
to the preceding 20 day VWAP
of the ordinary shares of the
Company, or at the discretion
of the Company repaid in cash
on the 18 month anniversary of
drawdown, with no additional
fees.

Reason for issue and specific authority for issue (the reason
for change must be identified here)
The Convertible Debt
Securities were issued to
advance the Company’s
Strategic Plan
Total number of Financial Products of the Class after the issue
and the total number of Financial Products of the Class held as
Treasury Stock after the issue.
$1,000,000 Convertible Debt
Securities.

In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable
Specific authority for the issue, including a reference to the
rule pursuant to which the issue is made
Board resolution 30 May 2022
and Listing Rule 4.1.1 & 5.2.1
And Resolution at Special
Shareholder Meeting dated 29
June 2022
Terms or details of the issue (for example: restrictions, escrow
arrangements)
The Convertible Debt
Securities are unsecured and
rank pari-passu with
unsecured trade creditors
Date of issue 24 August 2022

Capital Change Notice



Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Jane Bell
Contact person for this announcement Jane Bell
Contact phone number +64 21 764 224
Contact email address jane@newtalisman.co.nz
Date of release through MAP

25 August 2022