Directors Dealings
May 13 2010 - 4:57AM
UK Regulatory
TIDMNGL
RNS Number : 8483L
Norseman Gold PLC
13 May 2010
Norseman Gold Plc ('Norseman Gold' or 'the Company')
Director's Dealings
Norseman Gold announces the following information pursuant to Rule 17 of the AIM
Rules for Companies:
+-------------------------------+------------------------------+
| Name of director | Vincent Pendal |
+-------------------------------+------------------------------+
| Date on which disclosure was | 12 May 2010 |
| made to the Company | |
| | |
| | |
| | |
| | |
+-------------------------------+------------------------------+
| Direct or indirect interest | Indirect |
+-------------------------------+------------------------------+
| Nature of indirect interest | Ardlussa Pty Ltd - Director |
| | & Shareholder |
| | Ardlussa Pty Ltd <V&V Pendal |
| | Super Fund> - Director & |
| | Shareholder |
| | Muspen Pty Ltd - Director & |
| | Shareholder |
+-------------------------------+------------------------------+
| Date on which the deal was | 11 May 2010 |
| effected | |
+-------------------------------+------------------------------+
| No. of securities held prior | 3,050,000 ordinary shares |
| to change | |
+-------------------------------+------------------------------+
| Class | Ordinary shares |
+-------------------------------+------------------------------+
| Number acquired | - |
+-------------------------------+------------------------------+
| Number disposed | 500,000 Ordinary shares |
+-------------------------------+------------------------------+
| Consideration | Disposed: AUS$449,938 |
| | (AUD$0.8999 per share) |
+-------------------------------+------------------------------+
| No. of securities held after | 2,550,000 ordinary shares |
| change | |
+-------------------------------+------------------------------+
| Nature of change | Disposed: on-market trade |
| | (Australia) |
| | |
+-------------------------------+------------------------------+
**ENDS**
For further information visit www.norsemangoldplc.com or contact:
+--------------+------------------------+------------------------+
| Barry Cahill | Norseman Gold Plc | Tel: +61 (0) 8 9473 |
| | | 2222 |
| | | E-mail: |
| | | investors@ngold.com.au |
+--------------+------------------------+------------------------+
| Guy Wilkes | Ocean Equities Ltd | Tel: +44 (0) 20 7786 |
| | | 4370 |
+--------------+------------------------+------------------------+
| Nandita | Seymour Pierce Ltd | Tel: +44 (0) 20 7107 |
| Sahgal | Seymour Pierce Ltd | 8000 |
| Jeremy | | Tel: +44 (0) 20 7107 |
| Stephenson | | 8000 |
| | | |
+--------------+------------------------+------------------------+
| Hugo de | St Brides Media & | Tel: +44 (0) 20 7236 |
| Salis / | Finance Ltd | 1177 |
| Isabel | | |
| Crossley | | |
+--------------+------------------------+------------------------+
Note to editors:
Norseman Gold plc is a dual AIM 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 gold mines - the Bullen and the
Harlequin. Currently, it has a total resource inventory of 20.0 Mt at a grade
of 5.5 g/t gold for 3.7 Moz of gold.
The tenements cover a 1,614 sq km area centred on the Norseman Township. The
landholding comprises 179 contiguous tenements consisting of 13 Exploration
Licences, 106 Mining Licences, 45 Prospecting Licences, 15 Miscellaneous
Licences and 29 Mining Lease Applications.
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 re-treatment of tailings
or acquisitions of alternative sources of ore.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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