Norseman Gold Regulatory News (NGL)

5 Apr 2007 14:13

AIM05 April 2007 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") COMPANY NAME:Norseman Gold plc (formerly Davos Resources plc) COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :Registered Address: 30 Farringdon Street London EC4A 4HJ Trading Address: Level 1, 33 Ord Street West Perth Western Australia 6005 Australia COUNTRY OF INCORPORATION:England COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:www.davosresources.com COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITSINVESTING STRATEGY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BESTATED: Norseman Gold plc is admitting to AIM via a reverse take-over of Davos Resources plc. The Company will admit totrading on AIM on 24 April 2007. Norseman Gold operates Australia's longest continuously running gold mining operation, having produced over 5.5million ounces of gold over a period of more than 65 years from its Norseman field located 725km east of Perth,Western Australia. Gold was first found on the Norseman field in 1894 and CNGC was established in 1937. Gold has principally beenmined from narrow, broadly north south striking, east dipping quartz veins hosted by the WoolyeenyerFormation. The principal underground mining methods have been airleg random room and pillar stoping and longholestoping. DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. whereknown, number and type of shares, nominal value and issue price to which it seeks admission and the number andtype to be held as treasury shares):397,470,000 Ordinary Shares of 0.25 pence each. CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:£22m to be raised on Admission. Estimated Market Capitalisation on Admission is c£39.8 million PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:14.14 per cent. DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THECOMPANY) ARE OR WILL BE ADMITTED OR TRADED:NA FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is knownor including any other name by which each is known):Vincent Harold Pendal (Chairman) Barry John Cahill (Chief Executive Officer) David Christian Steinepreis (Executive Director) Michael John de Villiers (Non-Executive Director) FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFOREAND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which eachis known): Name % prior to admission % on admission Averon Holdings Ltd 3.2 1.2 The Bank of New York (Nominees) Limited 9.3 3.4 Credit Suisse Client Nominees (UK) Limited 13.8 5.0 Euroclear Nominees Limited 6.9 2.5 HSBC Global Custody Nominee Limited 13.8 5.0 Merdolino Limited 3.5 1.3 Newland Resources Limited 3.5 3.8 Pershing Keen Nominees Limited 4.0 1.5 Roy Nominees Limited 3.5 1.3 Sunvest Corporation Limited 3.5 1.3JPMorgan Asset Management 0.0 10.8Carmignac Gestion SA 0.0 9.4Canaccord Adams Limited 0.0 6.3Majedie Asset Management 0.0 5.0Blackrock Asset Management UK Limited 0.0 5.0 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:Ascent Capital, a company connected with David Steinepreis, is entitled to a fee of £75,000 in connection withAdmission, and will also be paid ongoing fees. Pat Burke is entitled to a fee of £30,000 (exclusive of VAT/disbursements) pursuant to an agreement with the Company for his services in connection with Admission. (i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:(i) 30 June (ii) 31 December 2006 (iii) 31 December 2007 (Final Results), 31 March 2008 (Interim Results), 31 December 2008 (FinalResults) EXPECTED ADMISSION DATE:24 April 2007 NAME AND ADDRESS OF NOMINATED ADVISER: Corporate Synergy plc30 Old Broad StreetLondon EC2N 1HT NAME AND ADDRESS OF BROKER: Joint Brokers:Corporate Synergy plc30 Old Broad StreetLondon EC2N 1HT Ocean Equities Ltd3 Copthall AvenueLondon EC2R 7BH OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSIONDOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THEADMISSION OF ITS SECURITIES: Corporate Synergy plc30 Old Broad StreetLondon EC2N 1HT DATE OF NOTIFICATION: 5 April 2007 NEW/ UPDATE: Update This information is provided by RNS The company news service from the London Stock Exchange