9th Dec 2011 08:30
Norseman Gold Plc. / Epic: NGL / Index: AIM / Sector: Mining & Exploration
9 December 2011
NORSEMAN GOLD PLC
('Norseman Gold' or 'the Company')
Results of Meeting
Norseman Gold advises that all the resolutions contained in the Notice of Meeting dated 5 November 2011 and considered at the Annual General Meeting of Shareholders were passed on a show of hands.
Proxy Results
Resolution | Result | Validly Lodged Proxy Votes | |||
FOR | AGAINST | CHAIRMAN'S DISCRETION | WITHHELD | ||
1. Adoption of Report and Accounts for the year ended 30 June 2011 | Passed on show of hands | 30,341,860 | 503 | 4,400 | 20,000 |
2. Re-appointment of Mr David Steinepreis as a director | Passed on show of hands | 30,293,160 | 33,503 | 4,400 | 35,700 |
3. To re-appoint UHY Hacker Young LLP as auditors | Passed on show of hands | 30,341,860 | 503 | 4,400 | 20,000 |
4. Authorise the directors to allot shares | Passed on show of hands | 30,282,400 | 77,003 | 4,400 | 2,960 |
5. Authorise the directors to allot shares without pre-emption rights | Passed on show of hands | 30,249,900 | 77,003 | 16,400 | 23,460 |
6. Ratification of issue of first tranche Warrants to EXP T1 Ltd | Passed on show of hands | 30,234,160 | 109,203 | 4,400 | 19,000 |
7. Ratification of issue of second tranche Warrants to EXP T1 Ltd | Passed on show of hands | 30,230,660 | 109,203 | 4,400 | 22,500 |
8. Ratification of issue of Consultant Options | Passed on show of hands | 30,165,700 | 182,663 | 16,400 | 2,000 |
9. Approval to issue shares to unrelated parties | Passed on show of hands | 30,160,672 | 192,191 | 4,400 | 9,500 |
10. Approval to issue shares on conversion of convertible loan notes held by unrelated parties | Passed on show of hands | 30,164,172 | 188,691 | 4,400 | 9,500 |
11. Approval to issue shares on conversion of convertible loan notes held by Ascent Capital Holdings Pty Ltd | Passed on show of hands | 28,020,172 | 140,191 | 4,400 | 2,000 |
12. Approval to issue shares on conversion of convertible loan notes held by Pelamis Investments Limited | Passed on show of hands | 28,017,672 | 140,191 | 4,400 | 4,500 |
13. Approval to issue Warrants to unrelated parties | Passed on show of hands | 30,204,172 | 135,191 | 17,900 | 9,500 |
14. Approval to issue Warrants to Ascent Capital Holdings PTY Limited | Passed on show of hands | 27,965,672 | 180,191 | 16,400 | 4,500 |
15. Approval to issue Warrants to Pelamis Investments Limited | Passed on show of hands | 27,962,172 | 183,691 | 16,400 | 4,500 |
16. Approval to issue new Options to Barry Cahill | Passed on show of hands | 20,712,003 | 8,576,528 | 16,400 | 5,460 |
17. Approval to issue new Consultant options. | Passed on show of hands | 21,762,375 | 8,580,028 | 16,400 | 7,000 |
* * ENDS * *
For further information visit www.norsemangoldplc.com or contact:
Barry Cahill Norseman Gold Plc Tel: +61 (0) 8 9473 2200
Guy Wilkes Ocean Equities Ltd Tel: 020 7786 4370
William Vandyk Northland Capital Partners Ltd Tel: 020 7796 8822
Rod Venables Northland Capital Partners Ltd Tel: 020 7796 8822
Susie Geliher St Brides Media & Finance Ltd Tel: 020 7236 1177
Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7236 1177
E-mail [email protected]
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 ounces of gold. The mine is currently producing from three high-grade narrow-vein underground mines - the Bullen, the Harlequin and the OK Declines and developing the North Royal Open Pit. Currently, it has a total resource inventory of 3.4 million ounces of gold at an average grade of 4.7 g/t.
The tenements cover a 2,360 sq km area centred on the Norseman Township. The landholding comprises 221 tenements consisting of 85 Exploration Licences, 108 Mining Licences, 3 Prospecting Licences, 15 Miscellaneous Licences, 5 Exploration Licence Applications, 3 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 additional 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.
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Norseman Gold