https://www.miningweekly.com

Talisman raises A$8m to progress WA projects

10th July 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Metals developer Talisman Mining has raised A$8-million through a share placement to progress its Western Australia copper/gold and nickel projects.

The miner announced on Friday that it had placed about 17-million shares, at 47c each, to raise the capital.

MD Gary Lethridge noted that the placement was exceptionally well supported by existing and new shareholders, despite the volatile and challenging global equity market conditions.

“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, including the recent high-grade Monty discovery, to progress our growth strategy at the Sinclair nickel project, and for working capital.”

The Sinclair project was acquired from Glencore in October last year, in a deal valued at A$10-million.

Following the placement, Talisman had about 148.6-million shares on issue and a cash reserve of A$11.8-million. The placement was undertaken under the company’s current capacity, and as such, did not require shareholder approval.

Edited by Creamer Media Reporter

Comments

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.205 0.245s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: