Result of EGM (6279F)
April 28 2011 - 3:38AM
UK Regulatory
TIDMNGL
RNS Number : 6279F
Norseman Gold PLC
28 April 2011
Norseman Gold plc / Epic: NGL / Index: AIM & ASX / Sector:
Mining & Exploration
28 April 2011
Norseman Gold Plc ('Norseman Gold' or 'the Company')
Results of Meeting
Norseman Gold, the AIM-listed and ASX-listed Australian gold
production company advises that all the resolutions contained in
the Notice of Meeting dated 4(th) March 2011 and considered at the
General Meeting of Shareholders were passed on a show of hands.
Proxy Results
Resolution Number
1. To approve the grant of 2,500,000 Share Options to Mr Barry
Cahill. Resolution carried on show of hands. (Proxy votes FOR -
52,336,779, AGAINST - 4,352,461, CHAIRMAN'S DISCRETION - nil,
WITHHELD - 3,030)
2. To ratify the allotment and issue of 22,222,222 ordinary
shares for the purposes of ASX Listing Rule 7.4. Resolution carried
on show of hands. (Proxy votes FOR - 52,444,360, AGAINST -
4,230,880, CHAIRMAN'S DISCRETION - nil, WITHHELD - 17,030)
3. 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 - 52,393,479, AGAINST -
4,279,231, CHAIRMAN'S DISCRETION - nil, WITHHELD - 19,560)
4. 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 - 42,943,855, AGAINST - 13,728,855,
CHAIRMAN'S DISCRETION - nil, WITHHELD - 19,560)
**ENDS**
For further information visit www.norsemangoldplc.com or
contact:
Barry Cahill Norseman Gold Tel: +61 (0)
Plc 8 9473 2200
------------- ----------------- --------------
Guy Wilkes Ocean Equities Tel: +44
Ltd (0)20 7786
4370
------------- ----------------- --------------
Nandita Seymour Pierce Tel: +44
Sahgal Ltd (0)20 7107
8000
------------- ----------------- --------------
Jeremy Seymour Pierce Tel: +44
Stephenson Ltd (0)20 7107
8000
------------- ----------------- --------------
Hugo de St Brides Media Tel: +44
Salis & Finance Ltd (0)20 7236
1177
------------- ----------------- --------------
Susie St Brides Media Tel: +44
Geliher & Finance Ltd (0)20 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 mine
is currently producing from three high-grade narrow-vein
underground mines - the Bullen, Harlequin and the OK Decline - and
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 treatment plant 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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