NZX-listed miner Heritage Gold has been fined $15,000 and required to pay NZX legal costs of $6158 after the exchange operator identified two breaches of its Listing Rules.

Heritage Gold NZ’s approximately 1800 New Zealand and Australian investors are to be offered a share purchase plan to raise up to $1.96 million to capitalise the promising Talisman gold mine project.

The mining company is listing on the New Zealand and Australian stock exchanges as it looks to develop prospects near the famous New South Wales mining site Broken Hill.

Heritage Gold has raised $1.95 million under its share purchase plan and the company says it had an overwhelming response from New Zealand investors.