TIDMNGL

RNS Number : 5543D

Norseman Gold PLC

25 March 2011

 
 
 
 
  TR-1: NOTIFICATION OF MAJOR INTEREST IN 
   SHARES(i) 
  ------------------------------------------------ 
------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the 
 underlying issuer of existing shares to 
 which voting rights are attached: (ii)                      Norseman Gold PLC 
------------------------------------------  ---------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights                              u 
---------------------------------------------------------------------  ------- 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
---------------------------------------------------------------------  ------- 
 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
---------------------------------------------------------------------  ------- 
 An event changing the breakdown of voting rights 
---------------------------------------------------------------------  ------- 
 Other (please 
  specify):       Increase in Issuers capital                             u 
---------------  ----------------------------------------------------  ------- 
 3. Full name of person(s) subject 
  to the 
  notification obligation: (iii)                    Sprott Asset Management LP 
------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv)                                    See Section 9 
------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date 
  on 
  which the threshold is crossed or 
  reached: (v)                                                  March 18, 2011 
------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:                              March 18, 2011 
------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                      9.6% 
------------------------------------  ---------------------------------------- 
 
 
 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
--------------------------------------------------------------------------------------------------------------------- 
 Class/type 
 of shares if 
 possible       Situation previous 
 using the       to the triggering                    Resulting situation after the triggering 
 ISIN CODE       transaction                           transaction 
-------------  ------------------------------------  ---------------------------------------------------------------- 
                                 Number 
                Number            of                  Number 
                 of               Voting              of         Number of voting        % of voting rights 
                 Shares           Rights              shares      rights                  (x) 
-------------  ---------------  -------------------  ---------  ----------------------  ----------------------------- 
                                                                 Direct     Indirect 
                                                      Direct      (xi)       (xii)       Direct         Indirect 
-------------    ----  -------  ------  -----  ----  ---------  ---------  -----------  -------------  -------------- 
 
 GB00B2N7FW85   21,554,726       21,554,726                                 21,194,726                  9.6% 
-------------  ---------------  -------------------  ---------  ---------  -----------  -------------  -------------- 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------- 
                                                                     Number of voting 
                                                                      rights that may 
                                                                      be 
                                         Exercise/                    acquired if the 
 Type of financial      Expiration        Conversion Period           instrument is               % of voting 
  instrument             date (xiii)      (xiv)                       exercised/ converted.        rights 
---------------------  ---------------  --------------------------  ---------------------------  -------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
--------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------- 
                                                Exercise/ 
 Type of                                         Conversion      Number of voting 
 financial        Exercise       Expiration      period           rights instrument          % of voting rights 
 instrument        price          date (xvii)    (xviii)          refers to                   (xix, xx) 
---------------  -------------  -------------  ---------------  --------------------------  ------------------------- 
                                                                                             Nominal       Delta 
---------------  -------------  -------------  ---------------  --------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                       Percentage of voting rights 
------------------------------------------------------------  ------------------------------------------------------- 
 21,194,726                                                    9.6% 
------------------------------------------------------------  ------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------ 
          Sprott Asset Management LP is the portfolio manager acting on behalf 
         of the Sprott Canadian Equity Fund, Sprott Bull/Bear RSP Fund, Sprott 
         Hedge Fund L.P., Sprott Hedge Fund L.P. II, Sprott Master Fund, Ltd., 
             Sprott Master Fund II, Ltd., and certain Sprott Managed Accounts. 
 
 Proxy Voting: 
------------------------------------------------------------------------------ 
 10. Name of the proxy holder: 
-------------------------------------------------  --------------------------- 
 11. Number of voting rights proxy holder will 
  cease 
  to hold: 
-------------------------------------------------  --------------------------- 
 12. Date on which proxy holder will cease to 
  hold 
  voting rights: 
-------------------------------------------------  --------------------------- 
 
 13. Additional information:            Please note the change in percentage 
                                         terms is primarily due to increase 
                                         in share capital of the company 
-------------------------------------  --------------------------------------- 
 14. Contact name:                      Maggie Tang 
-------------------------------------  --------------------------------------- 
 15. Contact telephone number:          1-416-943-4072 
                                         mtang@sprott.com 
-------------------------------------  --------------------------------------- 
 
 
 
 Note: Annex should only be submitted to the FSA not the issuer 
 Annex: Notification of major interests in share 
 
 A: Identity of the persons or legal entity subject to the notification 
  obligation 
----------------------------------------------------------------------- 
 Full name 
  (including legal form of legal entities) 
----------------------------------------------------------------------- 
 Contact address 
  (registered office for legal entities) 
----------------------------------------------------------------------- 
 Phone number & email 
----------------------------------------------------------------------- 
 Other useful information 
  (at least legal representative for 
  legal persons) 
----------------------------------------------------------------------- 
 
 B: Identity of the notifier, if applicable 
----------------------------------------------------------------------- 
 Full name 
----------------------------------------------------------------------- 
 Contact address 
----------------------------------------------------------------------- 
 Phone number & email 
----------------------------------------------------------------------- 
 Other useful information 
  (e.g. functional relationship with 
  the person or legal entity subject 
  to the notification obligation) 
----------------------------------------------------------------------- 
 
 C: Additional information 
----------------------------------------------------------------------- 
 
 For notes on how to complete form TR-1 please see the FSA website. 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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