Norseman Gold Regulatory News (NGL)

17 Jan 2008 11:58

Norseman Gold PLC17 January 2008 Norseman Gold plc / Epic: NGL / Index: AIM / Sector: Mining & Exploration 18th January 2008 Norseman Gold plc ("Norseman" or the "Company") Result of EGM Norseman Gold plc, the AIM listed Australian gold production company, held anExtraordinary General Meeting today and all resolutions were duly passed.Accordingly the 1 for 5 share consolidation of the Company's existing ordinaryshares will take place at the close of business today, 17th January 2008 ("ShareConsolidation"). The Share Consolidation is conditional upon the new ordinary shares of theCompany being admitted to trading on AIM. Accordingly, application has beenmade for the admission of the new ordinary shares to trading on AIM. It isexpected that admission will become effective at 8.00 am on 18 January 2008,whereupon the Share Consolidation will be effective and the share capital of theCompany will be 79,790,000 ordinary shares of £0.0125 each. Apart from the change in nominal value, the new ordinary shares arising onimplementation of the Share Consolidation will have the same rights as theexisting ordinary shares, including voting, dividend and other rights. * * ENDS * * For further information visit www.norsemangoldplc.com, email: info@sbmf.co.uk orcontact: David Steinepreis Norseman Gold Plc 07913 402727Romil Patel/Olly Cairns Blue Oar Securities Plc 020 7448 4400Guy Wilkes Ocean Equities Ltd 020 7786 4370Hugo de Salis St Brides Media & Finance Ltd 020 7242 4477 Note to editors: Norseman Gold plc is an AIM listed Australian gold production company, whichowns the Norseman Gold Project ('Norseman'), Australia's longest continuallyrunning gold operation. Norseman is located in the Eastern Goldfields of Western Australia in the highlyprospective Norseman-Wiluna greenstone belt - 725km east of Perth and 186km fromKalgoorlie. Gold was first found on the Norseman field in 1894 and over the last65 years it has produced over 5.5 million ounces of gold. The mine is producingat a rate of circa 100,000 ounces per annum, sourced from two high-gradenarrow-vein underground mines - the Bullen and the Harlequin. Currently, it hasa Total Resource inventory of 1.9 million ounces of gold at a grade of 4.1 g/t. The tenements cover a 687 sq km area centred on the Norseman Township. Thelandholding comprises 146 contiguous tenements consisting of 10 Explorationlicences, 102 Mining licences, 20 Prospecting licences, 14 Miscellaneouslicences and 29 Mining Lease applications. The Company's strategy is focused on profitable production, extending the minelife through the conversion of resources into reserves and identifyingadditional resources. This information is provided by RNS The company news service from the London Stock Exchange