Posted by on 30/04/2014
New Talisman Gold Mines Limited (NTL) announced yesterday that it has accepted an offer of a structured financing facility for the Talisman Mine project in the Karangahake Gorge.
What they havenâ€™t confirmed is who made the offer that they have accepted.
Executive Director Matthew Hill said, â€œIn a very difficult climate for junior minersâ€™ particularly gold-related juniors, NTL is particularly pleased to have been able to attract an offer to finance the development of the Talisman mine through to first production.
It is an indication of the very attractive investment proposition the Talisman mine represents. We remain on track to reopen the Talisman Mine; historically a highly productive, high grade gold mine in one of the most productive gold mining areas in NZ and our transition from developer to producer status is nearly complete. We are mindful that our shareholders have indicated a strong interest to participate in the funding of Talisman and the board is currently reviewing options to allow such participation.â€