Norseman Gold operates Australia's longest continuously running gold mining operation, having produced over 5.5 million ounces of gold over a period of more than 65 years from its Norseman field located 725km east of Perth, Western Australia.
18 January 2008
Norseman Gold plc, the AIM listed Australian gold production company, held an Extraordinary General Meeting today and all resolutions were duly passed. Accordingly the 1 for 5 share consolidation of the Company’s existing ordinary shares will take place at the close of business today, 17th January 2008 (“Share Consolidation”). The Share Consolidation is conditional upon the new ordinary shares of the Company being admitted to trading on AIM. Accordingly, application has been made for the admission of the new ordinary shares to trading on AIM. It is expected that admission will become effective at 8.00 am on 18 January 2008, whereupon the Share Consolidation will be effective and the share capital of the Company will be 79,790,000 ordinary shares of £0.0125 each. Apart from the change in nominal value, the new ordinary shares arising on implementation of the Share Consolidation will have the same rights as the existing ordinary shares, including voting, dividend and other rights. * * ENDS * * For further information visit http://www.norsemangoldplc.com, email: or contact: David Steinepreis Norseman Gold Plc 07913 402727 Romil Patel/Olly Cairns Blue Oar Securities Plc 020 7448 4400 Guy Wilkes Ocean Equities Ltd 020 7786 4370 Hugo de Salis St Brides Media & Finance Ltd 020 7242 4477 Note to editors: Norseman Gold plc is an AIM listed Australian gold production company, which owns the Norseman Gold Project (‘Norseman’), Australia’s longest continually running gold operation. Norseman 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 producing at a rate of circa 100,000 ounces per annum, sourced from two high-grade narrow-vein underground mines - the Bullen and the Harlequin. Currently, it has a Total Resource inventory of 1.9 million ounces of gold at a grade of 4.1 g/t. The tenements cover a 687 sq km area centred on the Norseman Township. The landholding comprises 146 contiguous tenements consisting of 10 Exploration licences, 102 Mining licences, 20 Prospecting licences, 14 Miscellaneous licences and 29 Mining Lease applications. The Company’s strategy is focused on profitable production, extending the mine life through the conversion of resources into reserves and identifying additional resources. END