Coromandel Gold Limited signed a binding term sheet to acquire highly prospective epithermal gold and porphyry copper-gold projects In Vanuatu from Canterbury Resources Limited (ASX:CBY) on December 10, 2020. Consideration will be paid in a combination of cash and shares. Canterbury Resources Limited already received a cash deposit of NZD 0.05 million. As of January 22, 2021, term sheet is expected to be completed by no longer than three days. Coromandel Gold Limited completed the acquisition of highly prospective epithermal gold and porphyry copper-gold projects In Vanuatu from Canterbury Resources Limited (ASX:CBY) on July 6, 2021. The purchase price of the assets is a mixture of cash and shares. New Talisman Gold Mines Limited has made cash payment of NZD 0.1 million and with a further requirement to issue within six months either: 20 million shares in New Talisman Gold Ltd or by the issue of the equivalent of NZD 100,000 worth of ordinary shares in Coromandel Gold Limited (CGL), a (currently) wholly owned subsidiary of NTL, at the same issue price per share as the most recent investment round made in CGL prior to, or in conjunction with, any direct listing of CGL on the NZX Main Board and subsequently within six months by the issue: to the equivalent of NZD 100,000 ordinary shares in CGL at the same issue price per share as the most recent investment round made in conjunction with the direct listing; or if CGL has not completed its direct listing, either: CGL has a further 3 months to issue the NZD 100,000 worth of shares in CGL; or at Canterbury Resources Limited’s option, by the issue of NZD 100,000 NTL shares at a 15% discount to the then volume weighted average price of NTL shares traded through the NZX Main Board.