Noricum Gold Limited raises £680,000 to develop highly prospective Austrian gold and precious metals portfolio

02 December 2011

Kerman & Co advised Noricum Gold Limited on the raising of £680,000 by way of placing of 27,200,000 new ordinary shares in the capital of the company at a price of 2.5 pence per share with trading on AIM commencing on 8 December 2011.

The funds raised will be used to implement a defined 2012 exploration programme across the company’s five highly prospective gold and precious metal assets in south-central Austria, with a particular focus on the 51 sq km Rotgülden gold and precious metal licence.

Noricum Gold Managing Director Mr. Greg Kuenzel commented:
“2012 is set to be an exciting year for Noricum as we advance our highly prospective Rotgülden licence in Austria, with particular focus on the existing Rotgülden underground mine as well as the Altenberg and Schurfspitze prospects”

Michael Corcoran from the Corporate department, advised Noricum Gold Limited on this transaction.