New Talisman Gold Mines Ltd (ASX:NTL, NZX:NTL) is offering shareholders a Share Purchase Plan (SPP).
New Talisman recently received a positive re-rating following gold resource upgrades at its wholly-owned Talisman Gold Mine located in New Zealand.
Shares in the company last traded at A$0.021, around three times higher than two-months ago.
SPP details
The SPP provides eligible shareholders resident in New Zealand or Australia on the 25th August 2017 to subscribe for shares up to NZ$15,000, or A$13,875 in total or in lots of NZ$1,000 or A$925.
The issue price will be NZ$0.022 or A$0.02035, and in addition for every five shares applied for, a free option exercisable NZ$0.055 will be issued.
Documents will be mailed to shareholders later this week.