Last checked at 24 Mar 2015 07:00
Noricum Gold Limited / EPIC: NMG / Sector: Natural Resources
24 March 2015
Noricum Gold Limited ('Noricum Gold' or 'the Company')
Placing to Directors of £22,000
Noricum Gold Limited, the Austrian focused gold exploration and development company, is pleased to announce that further to the announcement yesterday concerning the placing and acquisition of Walchen, the Directors of the Company have subscribed for 10,731,707 new ordinary shares of no par value at 0.205 pence per ordinary share ('Placing Shares') raising £22,000 (the 'Placing'). The funds will be used primarily to advance the Walchen VMS Project.
The Director's shareholdings, prior to and following the Placing, are as follows:
Name
|
Shareholding prior to the acquisition of Placing Shares |
No. of Placing Shares acquired at 0.205p per share |
Total beneficial shareholding following the issue of the Placing Shares | % shareholding in the issued share capital of the Company as enlarged by the Placing Shares |
Mike Hutchinson | Nil | 4,878,049 | 4,878,049 | 0.35 |
Gregory Kuenzel | 4,277,222 | 1,219,512 | 5,496,734 | 0.39 |
Marcus Edwards-Jones | 1,822,222 | 975,610 | 2,797,832 | 0.20 |
Rod McIllree | 65,000,000 | 2,439,024 | 67,439,024 | 4.84 |
Jeremy Whybrow | 3,544,444 | 1,219,512 | 4,763,956 | 0.34 |
The Placing Shares will rank pari passu in all respects with the existing ordinary shares of no par value in the capital of the Company. Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective on or around 30 March 2015.
As a result of the issue of the Placing Shares as described above, the issued share capital of the Company now consists of 1,393,771,084 ordinary shares of no par value.
**ENDS**
For further information please visit www.noricumgold.com or contact:
Greg Kuenzel | Noricum Gold Limited | Company | Tel: 020 3326 1726 |
Ewan Leggat | S. P. Angel Corporate Finance LLP | Nomad & Broker | Tel: 020 3470 0470 |
Katy Birkin | S. P. Angel Corporate Finance LLP | Nomad & Broker | Tel: 020 3470 0470 |
Elisabeth Cowell | St Brides Partners Ltd | PR | Tel: 020 7236 1177 |
Frank Buhagiar | St Brides Partners Ltd | PR | Tel: 020 7236 1177 |