26 May 2016
Dear Shareholder
On 17 May 2016 New Talisman Gold Mines Limited (New Talisman) announced that
it would make a pro-rata renounceable rights issue offer on a 3 for 1 basis
to eligible shareholders (Offer) to raise up to NZ$12.265 million at an offer
price of NZ$0.005 (or AU$.005) per new share.
New Talisman has determined, pursuant to ASX Listing Rule 7.7.1(a), that it
would be unreasonable to make offers to shareholders with registered
addresses outside of New Zealand or Australia (Ineligible Shareholders).
This decision is based on the relatively small number of New Talisman shares
held by Ineligible Shareholders and the relatively low value of new shares to
which Ineligible Shareholders would be entitled, as well as the potential
expense of compliance with legal and regulatory requirements of jurisdictions
outside of New Zealand and Australia.
This letter is to inform you that you are an Ineligible Shareholder for the
purposes of the Offer. This letter is not an offer to issue new shares to
you, nor an invitation to apply for new shares. You are not required to do
anything in response to this letter. However, you may still receive some
benefit from the Offer, as outlined below.
As the Offer is renounceable, New Talisman is arranging for the entitlements
of Ineligible Shareholders to be offered for sale by a nominee. Any proceeds
of sale net any applicable withholding tax and costs of sale will be paid to
you.
We regret that you are not eligible to participate in the Offer.
Yours faithfully
Matthew Hill
Director
New Talisman Gold Mines Limited
(A PDF copy of the announcement is attached.)
End CA:00283030 For:NTL Type:RIGHT Time:2016-05-26 09:13:01