Result of AGM
December 02 2010 - 3:16AM
UK Regulatory
TIDMNGL
RNS Number : 2444X
Norseman Gold PLC
02 December 2010
Norseman Gold Plc. / Epic: NGL / Index: AIM / Sector: Mining & Exploration
2 December 2010
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 5rd November 2010 and considered at the Annual General Meeting of
Shareholders were passed on a show of hands.
Proxy Results
Resolution Number
1. To receive and adopt the report and financial statements for the year ended
30th June 2010. Resolution carried on show of hands. (Proxy votes FOR -
52,922,517, AGAINST - 503, CHAIRMAN'S DISCRETION - 3,493, WITHHELD - 2,000)
2. To re-appoint Mr Michael De Villiers as a director of the Company.
Resolution carried on show of hands. (Proxy votes FOR - 52,922,517, AGAINST -
503, CHAIRMAN'S DISCRETION - 3,493, WITHHELD - 2,000)
3. To re-appoint UHY Hacker Young LLP as auditors. Resolution carried on show
of hands. (Proxy votes FOR - 52,854,970, AGAINST - 68,050, CHAIRMAN'S DISCRETION
- 3,493, WITHHELD - 2,000)
4. To ratify the allotment and issue of 25,000,000 ordinary shares at GBP0.45
pence each. Resolution carried on show of hands. (Proxy votes FOR - 52,605,313,
AGAINST - 319,707, CHAIRMAN'S DISCRETION - 3,493, WITHHELD - nil)
5. To approve the grant of 2,500,000 options to Barry Cahill. Resolution
carried on show of hands. (Proxy votes FOR - 52,787,054, AGAINST - 118,856,
CHAIRMAN'S DISCRETION - 3,493, WITHHELD - 12,110)
6. To empower the directors to allot relevant securities pursuant to Section
551 of the Companies Act 2006. Resolution carried on show of hands. (Proxy
votes FOR - 48,839,205, AGAINST - 3,831,303, CHAIRMAN'S DISCRETION - 3,493,
WITHHELD - 254,512)
7. To empower the directors to allot equity securities pursuant to Section
561(1) of the Companies Act 2006. Resolution carried on show of hands. (Proxy
votes FOR - 39,703,336, AGAINST - 12,967,172, CHAIRMAN'S DISCRETION - 3,493,
WITHHELD - 254,512)
8. To amend the Company's Articles of Association. Resolution carried on show
of hands. (Proxy votes FOR - 52,416,205, AGAINST - 46,303, CHAIRMAN'S DISCRETION
- 201,493, WITHHELD - 264,512)
* * 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
Nandita Sahgal Seymour Pierce Ltd Tel:
020 7107 8000
Jeremy Stephenson Seymour Pierce Ltd Tel: 020
7107 8000
Hugo de Salis St Brides Media & Finance Ltd Tel: 020
7236 1177
E-mail investors@ngold.com.au
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 oz of gold. The project is currently producing
from three high-grade narrow-vein underground mines - the Bullen, the Harlequin
and the OK Declines. The Company has also commenced development of its fourth
mine, the North Royal Open Pit. Currently, it has a total resource inventory of
3.8 million oz of gold at an average grade of 5.3 g/t.
The tenements cover a 2,180 sq km area centred on the Norseman Township. The
landholding comprises 221 tenements consisting of 16 Exploration Licences, 107
Mining Licences, 64 Prospecting Licences, 15 Miscellaneous Licences, 5
Exploration Licence Applications, 13 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 a
fourth and subsequent mines.
The current mill capacity is 720,000 tonnes per annum and, at capacity, the
treatment plant can produce up to 140,000 ounces of recovered gold.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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