RE: Whatever11 Apr 2016 00:57
Noricum Gold Limited / EPIC: NMG / Sector: Natural Resources
17 July 2015
Noricum Gold Limited ('Noricum Gold' or 'the Company')
Director Dealing
Noricum Gold Limited, announces that further to the acquisition of GMC Investments Limited ('GMC') announced on 15 July, Martyn Churchouse, appointed a director of Noricum on the same day, is a shareholder in GMC. Mr. Churchouse will be issued with 253,750,000 new ordinary shares of no par value ("Consideration Shares"), at 0.2 pence per ordinary share as a result of Noricum Gold's acquisition of 100% of GMC, which owns 50% of Georgian Copper & Gold Limited.
The Consideration Shares will rank pari passu in all respects with the existing ordinary shares of no par value in the capital of the Company. Application has been made to the London Stock Exchange for the Consideration Shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective on or around 21 July 2015.
Accordingly, following the allotment of 253,750,000 Consideration Shares to Mr. Churchouse as part of the issue of 1,299,999,980 Consideration Shares due to be admitted to trading on or around 21 July 2015, Mr. Churchouse will hold approximately 9.42 per cent. of the enlarged share capital of the company.
As a result of the issue of the Consideration Shares, the issued share capital of the Company will consist of 2,693,771,064 ordinary shares of no par value.
It's not tit for tat son. It's fact over fiction. He paid NOTHING for the shares.