NGL (NGX -ASX)5 Oct 2010 02:22
Norseman Gold the AIM listed and ASX listed Australian Gold production company announces Ocean Equities Ltd and Seymour Pierce Ltd have successfully completed a private placement of 25,000,000 new ordinary shares("placing shares") at a price of 45p per placing share to raise £11,250,000 before expenses- ASX @ 01.00am
It is the intention of the directors to apply the funds raised to bring the the North Royal Open Pit into production.