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TALISMAN MINING LIMITED — AGM Information 2011
Nov 16, 2011
65926_rns_2011-11-16_e9f424e4-e94e-4c68-adb5-b3535b24f4f7.pdf
AGM Information
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17 November 2011
ASX Release: UPDATE FOR ANNUAL GENERAL MEETING
COMPANY SNAPSHOT
Board of Directors
Alan Senior Non-Executive Chairman
Gary Lethridge Managing Director Peter Langworthy Technical Director Brian Dawes Non-Executive Director
Karen Gadsby Non-Executive Director
Talisman Mining Ltd (ASX: TLM) provides the following updated information in advance of the upcoming Annual General Meeting to be held on 18 November 2011.
Resolution 2: Re-election of Director
Talisman wishes to advise that Resolution 2 regarding the re-election of Mr Peter Langworthy as a Director of the Company will be withdrawn from the agenda of the Company’s Annual General Meeting. The Company announced on 11 November 2011 that Mr Langworthy has stepped down as Technical Director and as such Resolution 2 is no longer relevant to the business of the meeting.
Resolution 4: Issue of Director Options
Contact Details
6 Centro Avenue Subiaco, Western Australia, 6008 Australia
Telephon e: +61 8 9380 4230
Facsimile: +61 8 9382 8200
Email: [email protected] Website: www.talismanmining.c om.au
Capital Structure
Shares on Issue: 131,538,627 (TLM)
Options on Issue: 11,175,000 (Unlisted) ASX: TLM
Section 5.2(f) of the Explanatory Statement of the Notice of Annual General Meeting states that the exercise price of the proposed issue of Director Options to Mr Gary Lethridge would be calculated at the 5 day volume weighted average share price prior to the commencement of trade on 18 November 2011 multiplied by the exercise premium.
The Company hereby advises that the exercise price for the proposed issue of Director options to Mr Lethridge are as follows:
| Tranche | Quantity | Exercise Premium | Exercise Price |
| 1 | 750,000 | 180% of 5 day VWAP | $0.72 |
| 2 | 750,000 | 200% of 5 day VWAP | $0.80 |
| 3 | 750,000 | 250% of 5 day VWAP | $1.00 |
| 4 | 750,000 | 280% of 5 day VWAP | $1.12 |
For and on behalf of the Board,
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Daniel Madden
Company Secretary
Talisman Mining Ltd ABN 71 079 536 495 6 Centro Avenue, Subiaco Western Australia 6008 www.talismanmining.com.au