New Talisman Gold Mines Limited announced that it will issue 3,500,000 unsecured convertible note at a price of NZD 1 per note for gross proceeds of NZD 3,500,000 on April 27, 2022. The transaction will include participation from Hamish Brown for NZD 1,000,000. The note will bear an interest rate of 9.5% per annum payable on a quarterly basis.

The transaction is expected to close on June 29, 2022.