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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 |
From Jul 2019 to Jul 2024
TIDMNGL
RNS Number : 6962T
Norseman Gold PLC
09 December 2011
Norseman Gold plc / Epic: NGL / Index: AIM & ASX / Sector: Mining & Exploration
9 December 2011
Norseman Gold Plc ('Norseman Gold' or 'the Company')
Placing Update
Further to the announcement of 26 October 2011 and the passing of the relevant resolutions at the annual general meeting of the Company held today, Norseman Gold confirms that 138,260,000 new ordinary shares of 1.25 pence each in the Company have been allotted and issued for cash at a price of 5 pence per share and will be admitted to trading on AIM with effect from 12 December 2011.
**ENDS**
For further information visit www.norsemangoldplc.com or contact:
Hot Features
Premium
Barry Cahill Norseman Gold Plc Tel: +618 9473 2200
Guy Wilkes Ocean Equities Ltd Tel: 020 7786 4370
William Vandyk Northland Capital Partners Tel: 020 7796 8800
/ Rod Venables Ltd
Susie Geliher St Brides Media & Finance Tel: 020 7236 1177
Ltd
E-mail investors@ngold.com.au
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 ounces of gold. The mine is currently producing from three high-grade narrow-vein underground mines - the Bullen, the Harlequin and the OK Declines and developing the North Royal Open Pit. Currently, it has a total resource inventory of 3.4 million ounces of gold at an average grade of 4.7 g/t.
The tenements cover a 2,360 sq km area centred on the Norseman Township. The landholding comprises 221 tenements consisting of 85 Exploration Licences, 108 Mining Licences, 3 Prospecting Licences, 15 Miscellaneous Licences, 5 Exploration Licence Applications, 3 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 additional 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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