Holding(s) in Company

RNS Number : 5577M

Noricum Gold Limited

18 September 2012

 



Noricum Gold Limited / EPIC: NMG / Sector: Natural Resources

18 September 2012

Noricum Gold Limited ('Noricum Gold' or 'the Company')

Holdings in Company

Noricum Gold Limited, the Austrian focussed gold exploration and development company, received notification on 18 September 2012 from Webb Capital Asset Management Ltd, as the investment advisers to SF Webb Capital Smaller Companies Gold Fund, that following an acquisition of ordinary shares in the Company on 14 September 2012, SF Webb Capital Smaller Companies Gold Fund is now interested in 32,700,000 shares, representing 4.34% of the issued share capital and voting rights of the Company.  The completed TR1 is reproduced below.

For further information please visit www.noricumgold.com or contact:

Greg Kuenzel	Noricum Gold Limited	Company	Tel: [phone]
Ewan Leggat	Fairfax I.S. PLC	Nomad & Broker	Tel: [phone]
Laura Littley	Fairfax I.S. PLC	Nomad & Broker	Tel: [phone]
Elisabeth Cowell	St Brides Media & Finance Ltd	PR	Tel: [phone]

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			Noricum Gold Limited
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Webb Capital Asset Management Limited
4. Full name of shareholder(s)  (if different from 3.):iv		The Bank Of New York (Nominees) Limited  (a/c SF Webb Capital Smaller Companies Gold Fund)
5. Date of the transaction and date on which the threshold is crossed or reached: v		14/09/12
6. Date on which issuer notified:		18/09/12
7. Threshold(s) that is/are crossed or reached: vi, vii		Over 4%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

26,450,000

26,450,000

32,700,000

32,700,000

4.34%

VGG659191057

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

32,700,000

4.34%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
SF Webb Capital Smaller Companies Gold Fund (4.34%)
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:	Peter Webb
15. Contact telephone number:	020 7634 9510

Notes to Editors

Noricum Gold Limited is an AIM listed gold and precious metal exploration and development company focussed on south-central Austria, an historic gold producing region.  Its portfolio spans five areas across 165 sq km of highly prospective land with work currently focussed on the 51 sq km Rotgülden gold and precious metals project, which consists of 15 underground mines including the previously operating gold/copper/silver Rotgülden mine, and the 49 sq km Kliening gold and precious metals project. The Company is actively conducting exploration programmes to advance these licences through the resource development cycle.  Bonanza high grade gold, silver and copper results to date underpin the expanding and exciting potential of the projects and regional continuations.

 

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