TOPEKA, Kan., Sept. 29, 2011 /PRNewswire/ -- Talisman Holdings, Inc. is encouraged by the progressive attitude of the Guyanan government with respect to mining activities. The forward looking posture adopted by the government is heartening and encouraging to all mining explorers.
The country of Guyana is located within the Guiana Shield, in the northeastern part of South America. This region is well known for its undeveloped resources of copper, gold, iron ore, manganese, nickel, platinum and uranium. The Company is a partner in promising and significant mineral concessions within the country. The positive governmental attitude makes its property even more attractive.
The political climate in the country has improved dramatically, and has swung solidly in favor of mining. A stable, democratically elected government is putting considerable effort into attracting foreign investment in all sectors. The government is totally committed to a free enterprise system, and has a clear mandate to build the mining industry as an important part of the national economy.
The government recognizes the enormous benefits that mining can bring to a developing nation, and, consequently, has instituted a regulatory system that is supportive of mineral exploration and development. As an example, Guyana has established one of the most modern and sophisticated geological databases of any country. Title to mineral claims, permitting, mining regulations, taxation and other government related matters are now on a par with the better mining nations.
The Prime Minister has a mining background, and is dedicated to promoting the mining industry as a means of bringing greater wealth to the people of his nation. He clearly understands the importance of building and maintaining a favorable image of the country for investors.
David Lang, Talisman President, commented: "Because much of Guyana has yet to be studied and explored in a systematic way, we are confident that significant deposits have yet to be discovered. Enormous wealth is just being found. Gold is the hottest investment niche around, and we are perfectly positioned in this mining friendly nation."
About Talisman Holdings, Inc.:
Talisman Holdings, Inc. (TMHO:PK) is a highly innovative holding company built on the belief that the world's greatest potential for financial growth lies in emerging companies. Talisman Holdings finds undervalued small and microcap businesses with breakthrough products, services and technologies and delivers the equity, financial guidance, strategic counsel, consulting and business functions they need in order to succeed in the public marketplace. Taking an ownership or equity stake in standout emerging growth companies creates assets and drives shareholder value for Talisman Holdings, and the diversified holding company organizational structure and range of industries provides diversity of risk. For more information please visit Talisman's website at www.talismanholdings.com.
This summary contained forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning the company's business plans. Such statements are based on management's current expectation and are subject to a number of factors and uncertainties, such as future economic conditions and changes in anticipated revenues and costs, which may cause actual results to differ materially. The company expressively disclaims any future obligation or undertaking to update or revise any forward-looking statements contained herein. Investors and potential investors should independently investigate and fully understand all risks before making investment decisions.
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SOURCE Talisman Holdings, Inc.