Last checked at 9 Mar 2012 07:00
Noricum Gold Limited / EPIC: NMG / Sector: Natural Resources
9 March 2012
Noricum Gold Limited ('Noricum Gold' or 'the Company')
Dual Listing on the Frankfurt Stock Exchange
Noricum Gold Limited, the Austrian focussed gold exploration and development company, is pleased to announce that in response to significant interest and demand from European investors, the Company has obtained a listing on the Frankfurt Stock Exchange. As a result shares in Noricum Gold have been admitted to trading on the exchange under the symbol 'NOG'. The entire issued ordinary share capital will continue to trade on AIM under the symbol NMG.
The Board believes that a Frankfurt listing will benefit existing shareholders by making the Company's shares more accessible to European investors. Additionally, the listing will provide Noricum Gold with increased visibility within the region where its 171 sq km Austrian gold and precious metals portfolio, including its flagship 51 sq km Rotgülden project, is located. The Board believes a listing on the Frankfurt Stock Exchange will be beneficial to the Company particularly as it progresses towards defining a maiden resource at Rotgülden. Bonanza gold and silver results have been delineated to date from drilling and sampling conducted at a range of targets along the 8km of prospective strike running through the licence area.
Noricum Gold Managing Director Greg Kuenzel said, "We are delighted that our shares have commenced trading on the Frankfurt stock exchange following highly positive feedback from regional investors, and we are confident that this will enable us to expand our European shareholder base going forward. 2012 is set to be extremely productive for the Company as we focus on delineating a Maiden JORC resource at the previously producing Rotgülden mine as well as further strengthening our understanding of the wider regional potential of the asset. We believe that aligning ourselves with the local investment community, which has a strong understanding of the Noricum Gold business proposition, will be very positive for the Company during this exciting time."
**ENDS**
For further information please visit www.noricumgold.com or contact:
Greg Kuenzel | Noricum Gold Limited | Company | Tel: 020 3326 1726 |
Roland Cornish | Beaumont Cornish Limited | Nomad | Tel: 020 7628 3396 |
James Biddle | Beaumont Cornish Limited | Nomad | Tel: 020 7628 3396 |
Michael Parnes | Old Park Lane Capital plc | Broker | Tel: 020 7493 8188 |
Luca Tenuta | Old Park Lane Capital plc | Broker | Tel: 020 7493 8188 |
Nick Bealer | Cornhill Capital Ltd | Broker | Tel: 020 7710 9612 |
Chris Maule | Cornhill Capital Ltd | Broker | Tel: 020 7710 9610 |
Stefan Olivier | Cornhill Capital Ltd | Broker | Tel: 020 7710 9610 |
Elisabeth Cowell | St Brides Media & Finance Ltd | PR | Tel: 020 7236 1177 |
Hugo de Salis | St Brides Media & Finance Ltd | PR | Tel: 020 7236 1177 |
Notes to Editors
Noricum Gold Limited is an AIM listed gold and precious metal exploration and development company focussed on south-central Austria, an historic gold producing region. Its portfolio spans five areas across 165 sq km of highly prospective land with work currently focussed on the 51 sq km Rotgülden gold and precious metals project, which consists of 15 underground mines including the previously operating gold/copper/silver Rotgülden mine, and the 49 sq km Kliening gold and precious metals project. The Company is actively conducting exploration programmes to advance these licences through the resource development cycle. Bonanza high grade gold, silver and copper results to date underpin the expanding and exciting potential of the projects and regional continuations.