New Talisman Gold Mines : Proposed issue of securities - NTL

Proposed issue of securitiesAnnouncement Summary

Entity name

For personal use only

NEW TALISMAN GOLD MINES LIMITED

Announcement Type

New announcement

Date of this announcement 27/4/2022

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

Refer to next page for full details of the announcementProposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

NEW TALISMAN GOLD MINES LIMITED

For personal use only

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type ARBN

Registration Number 009474702

1.3 ASX issuer code NTL

1.4 The announcement isNew announcement

1.5 Date of this announcement 27/4/2022

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securitiesPart 7 - Details of proposed placement or other issue

For personal use only

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis?

Yes

7A.1a Conditions

Approval/Condition +Security holder approval

Date for determination 23/6/2022

Is the date estimated or actual?

Estimated

** Approval received/condition met?

Yes

Comments

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?

New class

Details of +securities proposed to be issued

Will the proposed issue of this +security include an offer of attaching +securities?

No

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)Have you received confirmation from Will the entity be seeking quotationASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?

Yes

ASX +security code

New class-code to be confirmed

Unsecured Convertible Debt Security

+Security type

+Convertible debt securities

of the 'new' class of +securities on ASX?

No

+Security description

Proposed issue of securities

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Proposed issue of securities

Number of +securities proposed to be issued

3,500,000

Offer price details

For personal use only

Are the +securities proposed to be issued being issued for a cash consideration?

Yes

AUD equivalent to issue price amount per +security 0.921100

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

+Convertible debt securities details

These securities are: Convertible

+Security currency NZD - New Zealand Dollar

Interest rate type

Fixed rate

Frequency of coupon/interest payments per year

Quarterly

Interest rate per annum 9.50000 %

Type of security Convertible note or bond

Face value

NZD 1.0000

First interest payment date

30/9/2022

Is the interest rate per annum estimated at this time?

Yes

If the interest rate per annum is estimated, then what is the date for this information to be announced to the market (if known)

Proposed issue of securities

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Proposed issue of securities

s128F of the Income Tax Assessment Act status applicable to the +security Not applicable

Is the +security perpetual (ie. no maturity date)?

Yes

For personal use only

Select other features applicable to

the +security

None of the above

Is there a first trigger date on which a If yes, what is the first trigger dateright of conversion, redemption, call or put can be exercised (whichever is first)?

29/12/2023

Yes

Details of the type of +security that will be issued if the securities are converted, transformed or exchanged

NTL : ORDINARY FULLY PAID

Number of +securities that will be issued if the +securities are converted, transformed or exchanged (including, if applicable, any interest)

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.

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.

To be added

Part 7C - Timetable

7C.1 Proposed +issue date

29/6/2022

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?

Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 23/6/2022

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?

Yes

Proposed issue of securities

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