23rd Aug 2012 07:20
Norseman Gold plc / Epic: NGL / Index: AIM / Sector: Mining & Exploration
23 August 2012
AIM: NGL
ASX: NGX
NORSEMAN GOLD PLC
('Norseman Gold' or 'the Company')
Results of General Meeting
The Company advises that all the resolutions contained in the Notice of Meeting dated 23 August 2012 and considered at the 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 | Ratification of Tranche 1 Placement to unrelated parties
| Passed on show of hands | 79,785,212 | 564,225 | 52,093 | 40,700 |
2 | Approval to issue Shares under Tranche 2 Placement to unrelated parties | Passed on show of hands | 79,781,563 | 567,874 | 52,093 | 40,700 |
3 | Approval for Tulla Resources Group Pty Ltd to participate in the Tranche 2 Placement | Passed on show of hands | 52,392,948 | 567,127 | 52,093 | 40,700
|
4 | Approval for L2 Project Management - Norseman Pty Ltd to participate in Tranche 2 Placement | Passed on show of hands | 52,392,948 | 567,127 | 52,093 | 40,700 |
5 | Approval for David Steinepreis to participate in the Tranche 2 placement | Passed on show of hands | 79,361,097 | 567,127 | 52,093 | 40,700 |
The Company advises that the settlement of the Tranche 2 placement pursuant to Resolution 2 to unrelated parties introduced by Moelis Australia Advisory Pty Ltd, Ocean Equities Limited and Northland Capital Partners Limited will occur in accordance with the ASX and AIM timetables with the admission on AIM to occur on 24 August 2012 and ASX on 27 August 2012. The settlement of the placement to the related parties pursuant to resolutions 3, 4 and 5 will occur within the shareholder approval timeframes, Tulla Resources Pty Ltd ("Tulla") has underwritten the full amount of these resolutions.
The Company is pleased to announce that a new investor will, subject to Foreign Investment Review Board ("FIRB") approval in Australia, subscribe for 100,000,000 Placement shares which would have otherwise been subscribed for by Tulla pursuant to its underwriting obligations. As a result of this commitment, and assuming approval by FIRB, Tulla will hold an aggregate 309,770,083 ordinary shares in the Company, representing 27.73% of the issued share capital.
* * ENDS * *
For further information visit www.norsemangoldplc.com, email [email protected] or contact:
Kevin Maloney Norseman Gold plc Tel: +61 2 9255 9300
David Steinepreis Norseman Gold plc Tel: +44 (0) 7913402727
William Vandyk Northland Capital Partners Ltd Tel: 020 7796 8800
Guy Wilkes Ocean Equities Ltd Tel: 020 7786 4370
Susie Geliher / Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7236 1177
Notes
Norseman Gold plc is an AIM and ASX listed Australian gold production company, which operates the 2,360 sq km Norseman Gold Project, Australia's longest continually running gold operation. Located in the Eastern Goldfields of Western Australia in the highly prospective Norseman-Wiluna greenstone belt, the project currently has a total resource inventory of 3.4 million ounces of gold at an average grade of 4.7 g/t.
Related Shares:
Norseman Gold