Norseman Gold PLC Result of EGM (6280K)

TIDMNGL

RNS Number : 6280K

Norseman Gold PLC

23 August 2012

Norseman Gold plc / Epic: NGL / Index: AIM / Sector: Mining & Exploration

23 August 2012

AIM: NGL

ASX: NGX

NORSEMAN GOLD PLC

('Norseman Gold' or 'the Company')

Results of General Meeting

The Company advises that all the resolutions contained in the Notice of Meeting dated 23 August 2012 and considered at the General Meeting of Shareholders, were passed on a show of hands.

Proxy Results

 
             Resolution             Result              Validly Lodged Proxy Votes 
    ----------------------------  ----------  ---------------------------------------------- 
                                                  FOR       AGAINST   CHAIRMAN'S    WITHHELD 
                                                                       DISCRETION 
    ----------------------------  ----------  -----------  --------  ------------  --------- 
     Ratification of Tranche       Passed 
      1 Placement to unrelated      on show 
 1    parties                       of hands   79,785,212   564,225     52,093       40,700 
    ----------------------------  ----------  -----------  --------  ------------  --------- 
     Approval to issue Shares      Passed 
      under Tranche 2 Placement     on show 
 2    to unrelated parties          of hands   79,781,563   567,874     52,093       40,700 
    ----------------------------  ----------  -----------  --------  ------------  --------- 
     Approval for Tulla 
      Resources Group Pty          Passed 
      Ltd to participate            on show 
 3    in the Tranche 2 Placement    of hands   52,392,948   567,127     52,093       40,700 
    ----------------------------  ----------  -----------  --------  ------------  --------- 
     Approval for L2 Project 
      Management - Norseman        Passed 
      Pty Ltd to participate        on show 
 4    in Tranche 2 Placement        of hands   52,392,948   567,127     52,093       40,700 
    ----------------------------  ----------  -----------  --------  ------------  --------- 
     Approval for David            Passed 
      Steinepreis to participate    on show 
 5    in the Tranche 2 placement    of hands   79,361,097   567,127     52,093       40,700 
    ----------------------------  ----------  -----------  --------  ------------  --------- 
 

The Company advises that the settlement of the Tranche 2 placement pursuant to Resolution 2 to unrelated parties introduced by Moelis Australia Advisory Pty Ltd, Ocean Equities Limited and Northland Capital Partners Limited will occur in accordance with the ASX and AIM timetables with the admission on AIM to occur on 24 August 2012 and ASX on 27 August 2012. The settlement of the placement to the related parties pursuant to resolutions 3, 4 and 5 will occur within the shareholder approval timeframes, Tulla Resources Pty Ltd ("Tulla") has underwritten the full amount of these resolutions.

The Company is pleased to announce that a new investor will, subject to Foreign Investment Review Board ("FIRB") approval in Australia, subscribe for 100,000,000 Placement shares which would have otherwise been subscribed for by Tulla pursuant to its underwriting obligations. As a result of this commitment, and assuming approval by FIRB, Tulla will hold an aggregate 309,770,083 ordinary shares in the Company, representing 27.73% of the issued share capital.

* * ENDS * *

For further information visit www.norsemangoldplc.com, email [e-mail] or contact:

Kevin Maloney Norseman Gold plc Tel: [phone]

David Steinepreis Norseman Gold plc Tel: [phone]

William Vandyk Northland Capital Partners Ltd Tel: [phone]

Guy Wilkes Ocean Equities Ltd Tel: [phone]

Susie Geliher / Hugo de Salis St Brides Media & Finance Ltd Tel: [phone]

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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