27 Jun 2012 14:27
Norseman Gold plc / Epic: NGL / Index: AIM / Sector: Mining & Exploration
27 June 2012
AIM:NGL
ASX:NGX
NORSEMAN GOLD PLC
("Norseman Gold" or "the Company")
Issue of Equity
Norseman Gold Plc announces that it has issued 64,000,000 new ordinary shares of 1.25 pence each in the company ("Ordinary Shares") at a price of A$0.06¢ (approximately 3.9 pence) in satisfaction of short term loans made to the Company during May by Tulla Resources Group Pty Ltd and Rosebery Nominees Pty Ltd. In addition the Company has issued 32,000,000 warrants to subscribe for Ordinary Shares to the lenders. These warrants are exercisable at 12p at any time until 27 April 2015.
Application has been made for the 64,000,000 new Ordinary Shares issued to be admitted to trading on AIM with effect from 29 June 2012.
* * ENDS * *
For further information visit www.norsemangoldplc.com, email investors@ngold.com.au or contact:
David Steinepreis Norseman Gold Plc. Tel: +44 (0) 7913402727
William Vandyk / Rod Venables Northland Capital Partners Ltd Tel: 020 7796 8800
Guy Wilkes Ocean Equities Ltd Tel: 020 7786 4370
Susie Geliher / Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7236 1177
Notes
Norseman Gold plc is an AIM and ASX listed Australian gold production company, which operates the 2,360 sq km Norseman Gold Project, Australia's longest continually running gold operation. Located in the Eastern Goldfields of Western Australia in the highly prospective Norseman-Wiluna greenstone belt, the project currently has a total resource inventory of 3.4 million ounces of gold at an average grade of 4.7 g/t.