14:31:00 EDT Mon 15 Sep 2025
Enter Symbol
or Name
USA
CA



Talisker Resources Ltd (2)
Symbol TSK
Shares Issued 143,877,294
Close 2025-08-21 C$ 0.68
Market Cap C$ 97,836,560
Recent Sedar Documents

Talisker investors Phoenix, Panah acquire 9.79M shares

2025-08-22 11:23 ET - News Release

Subject: Press Release: Phoenix Gold Fund and Panah Fund Report Combined Holdings in Talisker Resources Ltd. PDF Document

File: Attachment Press Release PGF and PF_TSK.pdf

FOR IMMEDIATE RELEASE

Phoenix Gold Fund and Panah Fund, Managed by AIMS Asset Management Sdn. Bhd. and Seraya Investment Pte. Ltd., Report Combined Holdings in Talisker Resources Ltd.

Toronto, Ontario August 22, 2025 Phoenix Gold Fund ("Phoenix") and Panah Fund ("Panah"), managed by AIMS Asset Management Sdn. Bhd. ("AIMS") of Kuala Lumpur, Malaysia, and Seraya Investment Pte. Ltd. ("Seraya") of Purvis Street, Singapore, announce that they have acquired an aggregate of 9,799,000 common shares of Talisker Resources Ltd. (the "Issuer") at an average price of C$ 0.52 on August 21, 2025. Phoenix acquired 6,302,706 common shares for a total purchase price of C$ 3,277,407.12 and Panah acquired 3,496,294 common shares for a total purchase price of C$ 1,818,072.88 respectively. The Issuer's office is located at 3002 - 130 Adelaide Street West, Toronto, Ontario, M5H 3P5, Canada.

Immediately prior to the acquisition, Phoenix owned convertible debentures with a principal amount of C$ 4,000,000 convertible into up to 8,000,000 common shares of the Issuer, representing approximately 5.56% of the issued and outstanding shares of the Issuer on an undiluted basis. Panah does not own any common shares of the Issuer.

As a result of the acquisition:

dot Phoenix, managed by AIMS and Seraya, now owns 6,302,706 common shares of the Issuer, representing approximately 4.38% of all issued and outstanding shares of the Issuer on an undiluted basis and convertible debentures with a principal amount of C$ 4,000,000 convertible into up to 8,000,000 common shares of the Issuer. If Phoenix converts all its debentures into common shares, it will own 14,302,706 common shares of the Issuer, representing approximately 9.42% of the issued and outstanding shares of the Issuer on a partially diluted basis.

dot Panah, managed by Seraya, now owns 3,496,294 common shares of the Issuer, representing approximately 2.43% of all issued and outstanding shares of the Issuer on an undiluted basis.

dot The combined holdings of Phoenix and Panah represent approximately 11.72% of all issued and outstanding shares of the Issuer on a partially diluted basis.

The holdings above are calculated as of August 22, 2025, assuming no further common shares of the Issuer have been issued.

Phoenix and Panah acquired the securities for investment purposes. Phoenix and Panah may, in the future, participate in financings and/or acquire or dispose of securities of the Issuer in the market, privately or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

The disclosure regarding Phoenix's and Panah's shareholdings contained in this press release is made pursuant to the National Instrument 62-103 and/or the National Instrument 62-104 and a report respecting the above acquisition will be filed with the applicable securities commissions using the Canadian System for Electronic Document Analysis and Retrieval (SEDAR+) and will be available for viewing under the Company's profile.

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