Assignment of NTL Interest in Netcom Global

New Talisman Gold Mines Limited (NZX: NTL) is pleased to announce it has reached agreement to assign its loan to and equity in Netcom Global Inc to Armadale Capital PLC in exchange for 93 million shares in Armadale Capital PLC. Based on the closing price of Armadale shares on AIM on 14 November 2013 the value of the transaction is GBP$241,000 or approximately NZ$468,000.

 Chairman Murray McKee said “the assignment of our interests in Netcom and the associated interest in the Mpokoto project provides New Talisman with a significant return on the investment made in February 2013 and continues to provide an exposure to the Mpokoto Gold project”.

Download SX Release 15 November 2013 Assignment of NTL Interest in Netcom Global