Exercise of Options (5102Y)
December 24 2010 - 2:00AM
UK Regulatory
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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