13th Jul 2007 11:24
Norseman Gold PLC13 July 2007 13 July 2007 Norseman Gold plc ("Norseman" or the "Company") Directors Buy Shares Norseman Gold plc, the AIM listed Australian gold production company, is pleasedto announce the following directors' purchase of ordinary shares of 0.025p eachin the Company ("Ordinary Shares"). David Steinepreis, Executive Director of the Company, purchased 1,000,000Ordinary Shares at a price of 10.75 pence per share on 11 July 2007. Followingthis purchase David Steinepreis now holds an interest in 8,100,004 OrdinaryShares representing 2.04% of the total voting rights of the Company. Barry Cahill, Chief Executive Officer of the Company, purchased 500,000 OrdinaryShares at a price of 10.75 pence per share on 11 July 2007. Following thispurchase Barry Cahill now holds an interest in 500,000 Ordinary Sharesrepresenting 0.13% of the total voting rights of the Company. Vince Pendal, Chairman of the Company, purchased 500,000 Ordinary Shares at aprice of 10.75 pence per share on 11 July 2007. Following this purchase VincePendal now holds an interest in 4,000,000 Ordinary Shares representing 1.01% ofthe total voting rights of the Company. Michael de Villiers, Non-Executive Director of the Company, purchased 100,000Ordinary Shares at a price of 10.75 pence per share on 12 July 2007. Followingthis purchase Michael de Villiers now holds an interest in 2,600,000 OrdinaryShares representing 0.65% of the total voting rights of the Company. * * ENDS * * For further information visit www.norsemangoldplc.com or contact: David Steinepreis Norseman Gold Plc 07913 402727 Romil Patel 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 whichrecently acquired the Norseman Gold Project; Australia's longest continuallyrunning gold operation. The Norseman Gold Project is located in the EasternGoldfields of Western Australia in the highly prospective Norseman-Wilunagreenstone 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 ithas produced over 5.5 million ounces of gold. The mine is producing at a rateof around 100,000 ounces per annum, sourced from two high-grade narrow-veinunderground mines - the Bullen and the Harlequin. Currently, it has a TotalResource 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. Thelandholding comprises 146 contiguous tenements consisting of 10 ExplorationLicences, 102 Mining Licences, 20 Prospecting Licences, 14 MiscellaneousLicences and 29 Mining Lease Applications. The Company's strategy is focused on extending the mine life through theconversion of resources into reserves and identifying additional resources. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Norseman Gold