Norseman Gold Plc – Completes ASX dual listing

Norseman Gold Plc – Completes ASX dual listing

Norseman Gold, the AIM-listed Australian gold production company, is pleased to announce that, further to its announcement of 15 May 2009, the dual listing of its shares will commence trading on the Australian Securities Exchange on 25 June 2009.

The fund raising that was undertaken as part of the dual listing, which was fully subscribed and raised a total of A$9,000,000 for the Company through the placing of 20,000,000 new ordinary shares at an issue price of 45 cents, has now gone unconditional.

The majority of the funds raised from the offer are for the purpose of funding resource drilling of the OK Decline and North Royal deposits, and to bring them into production as a third mine to provide additional ore for the under-utilised Phoenix processing plant.

Application has been made to have the new ordinary shares admitted to trading on AIM. Trading is expected to occur on 25 June 2009.  The new ordinary shares will rank pari passu with the existing issued ordinary shares in the Company.  Following the issue of the new ordinary shares Norseman Gold's capital will consist of 171,860,000 ordinary shares of 1.25p each with voting rights.

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