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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Norseman | LSE:NGL | London | Ordinary Share | GB00B2N7FW85 | ORD 1.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.575 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMNGL
RNS Number : 5102Y
Norseman Gold PLC
24 December 2010
Norseman Gold plc / Epic: NGL / Index: AIM & ASX / Sector: Mining & Exploration
Norseman Gold Plc ('Norseman Gold' or 'the Company')
Issue of Shares
Norseman Gold Plc, the AIM-listed and ASX-listed Australian gold production company, announces that it has today issued 50,000 new ordinary shares of 1.25 pence each in the company in respect of the exercise of options. Application has been made for admission of these shares to trading on AIM with effect from 31 December 2010.
Following the exercise of options the total number of Ordinary shares in issue is 197,720,000.
**ENDS**
For further information visit www.norsemangoldplc.com or contact:
Barry Cahill Norseman Gold Plc Tel: +61 (0) 8 9473 2200 E-mail: investors@ngold.com.au Guy Wilkes Ocean Equities Ltd Tel: +44 (0) 20 7786 4370 Nandita Sahgal Seymour Pierce Ltd Tel: +44 (0) 20 7107 Jeremy Stephenson Seymour Pierce ltd 8000 Tel: +44 (0) 20 7107 8000 Hugo de Salis St Brides Media & Finance Tel: +44 (0) 20 7236 / Ltd 1177 Isabel Crossley
Note to editors:
Norseman Gold plc is an AIM listed and ASX listed Australian gold production company, which acquired the Norseman Gold Project in May 2007 Australia's longest continually running gold operation. The Norseman Gold Project is located in the Eastern Goldfields of Western Australia in the highly prospective Norseman-Wiluna greenstone belt, 725km east of Perth and 186km from Kalgoorlie.
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 mines - the Bullen and the Harlequin. Currently, it has a total resource inventory of 3.8 million oz of gold at an average grade of 5.3 g/t.
The tenements cover a 2,180 sq km area centred on the Norseman Township. The landholding comprises 221 tenements consisting of 16 Exploration Licences, 107 Mining Licences, 64 Prospecting Licences, 15 Miscellaneous Licences, 5 Exploration Licence Applications, 13 Prospecting Licence Applications and 1 Mining Lease Application.
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 the development of a third and subsequent mines. The Company has fifteen advanced resource projects under review of which three have pre-development work being undertaken on them. It is anticipated that at least one if not all the pre-development projects will develop into mining propositions.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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