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Shortfall Cleansing Notice

Regulatory21 March 2023NTLIndustrials

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__________________________________________________________________________________

22nd March 2023


NZX Market Announcements

Wellington

ASX Company Announcements Office

Perth

NEW TALISMAN GOLD MINES LIMITED (NZX: NTL, ASX: NTL)

RIGHTS ISSUE SHORTFALL CLEANSING NOTICE

New Talisman Gold Mines Limited (the Company) recently closed a rights issue of new

shares at NZ$0.018 or AU$0.017 per new share. The Company is now seeking to place

the remaining shortfall from the rights issue (Shortfall Offer). The Shortfall Offer will be

made under sections 708 and/or 708AA of the Corporations Act 2001 (as deemed modified

by the ASIC Corporations (Non-Traditional Rights Issues) Instrument 2016/84) (Act) and

clause 19 of Schedule 1 of the Financial Markets Conduct Act 2013 (FMCA).

For the purposes of section 708AA of the Act (as modified), and clause 20(1)(a) of

Schedule 8 to the Financial Markets Conduct Regulations 2014 (FMCR) and the FMCA, the

Company advises that as at the date of this notice:

1 the Company will make the Shortfall Offer to investors in Australia without

disclosure under Part 6D.2 of the Australian Corporations Act 2001 (the Act) in

reliance on sections 708 or 708AA of the Act (as deemed modified by the ASIC

Corporations (Non-Traditional Rights Issues) Instrument 2016/84).

2 the Company has complied with the provisions of Chapter 2M of the Act as they

apply to the Company and section 674 of the Act.

3 there is no excluded information of the type referred to in subsection 708A(7) and

708AA(8) of the Act.

4 the Company is in compliance with:

4.1 the continuous disclosure obligations that apply to it under the FMCA in

relation to the Company’s quoted ordinary shares;

4.2 its “financial reporting obligations” within the meaning set out in clause 20(5)

of Schedule 8 of the FMCR.

5 there is no information that is “excluded information” within the meaning set out in

clause 20(5) of Schedule 8 to the FMCR.

The Shortfall Offer is not expected to have any material effect or consequence on the

“control” (as defined in clause 48 of Schedule 1 to the FMCA) of the Company.

Yours faithfully,






Samantha Sharif

Chair

New Talisman Gold Mines Limited

2b Gibraltar Cres,

Parnell, Auckland 1052

Office +64 9303 1893

info@newtalisman.co.nz

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