New Talisman Gold Mines Limited (ASX: $NTL) has announced that NTL Independent Director Richard Tacon has agreed to provide a $300,000 unsecured loan facility carrying an interest rate of 19% per annum to support NTL with short-term cashflow pending the Company's intended capital raise in June 2024.
The Company is grateful to Mr Tacon for his financial support.
New Talisman Gold Mines Limited (ASX: $NTL) has secured a $300,000 unsecured loan facility from NTL Independent Director Richard Tacon at an interest rate of 19% per annum to bolster short-term cashflow ahead of the Company's planned capital raise in June 2024. The Company expressed gratitude to Mr Tacon for his financial support. This move reflects NTL's proactive approach to managing its financial resources and ensuring operational continuity as it prepares for the upcoming capital raise.