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14 Oct 2009 08:16
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Norseman Gold plc / Epic: NGL / Index: AIMΒ & ASXΒ / Sector: Mining & Exploration
14Β OctoberΒ 2009
Norseman Gold Plc ('Norseman Gold' orΒ 'the Company')
Issue of Shares
Norseman GoldΒ Plc, the AIM-listedΒ and ASX-listedΒ Australian gold production company,Β announces that itΒ has today issued 660,000 new ordinary shares of 1.25 pence each in theΒ Company in respect of the exercise of options. The exercise price of the options was 31.25 pence.
Application has been made for admission of these shares to trading on AIM with effect from 16 October 2009. The new ordinary shares will rank pari passu with the existing issued ordinary shares in the Company.Β Β Following the issue of the new ordinary shares Norseman Gold's capital will consist of 172,520,000 ordinary shares of 1.25p each with voting rights.
**ENDS**
For further information visitΒ www.norsemangoldplc.comΒ orΒ contact:
|
Barry Cahill |
Norseman Gold Plc |
Tel: +61 (0) 8 9473 2200 E-mail:Β investors@ngold.com.au |
|
Guy Wilkes |
Ocean Equities Ltd |
Tel: +44 (0) 20 7786 4370 |
|
William Vandyk |
AstaireΒ Securities plc |
Tel:Β +44 (0)Β 20 7448 4400 |
|
Hugo de SalisΒ /Β Isabel Crossley |
St Brides Media & Finance Ltd |
Tel: +44 (0) 20 7236 1177 |
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Note to editors:
Norseman Gold plc is a dualΒ AIMΒ andΒ ASXΒ listed Australian gold production company, which acquired the Norseman Gold Project in May 2007,Β Australia's longest continually running gold operation.Β Β The Norseman Gold Project is located in the Eastern Goldfields ofΒ Western AustraliaΒ in the highly prospective Norseman-Wiluna greenstone belt, 725km east ofΒ PerthΒ and 186km fromΒ Kalgoorlie.
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Gold was first found on the Norseman field in 1894 and over the last 65 years it has produced over 5.5 million oz of gold. The mine is currently producing from two high-grade narrow-vein underground gold mines - the Bullen and the Harlequin. Currently, it hasΒ a total resource inventory of 20.0 Mt at a grade of 5.5 g/t gold for 3.7Β Moz of gold.
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The tenements cover aΒ 1,614Β sq km area centred on theΒ NorsemanΒ Township.Β Β The landholding comprises 179 contiguous tenements consisting of 13 Exploration Licences, 106 Mining Licences, 45 Prospecting Licences, 15 Miscellaneous Licences and 29 Mining Lease Applications.
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The Company's strategy is focused on extending the mine life through the conversion of resources into reserves and identifying additional resources and obtaining additional ore for the operating mill through re-treatment of tailings or acquisitions of alternative sources of ore.
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