Noricum Gold Limited raise £2.2 million

28 June 2012

Kerman & Co advised Noricum Gold Limited on the raising of £2.2 million by way of a placing of 220,000,000 new ordinary shares of no par value in the capital of the company, with new and existing shareholders in the Company at a price of 1 pence per Placing Share.

The funds will be used to implement the Company's 2012 exploration programme across its highly prospective Austrian gold and precious metal assets, with a particular focus on the Company's flagship 51 sq km Rotgülden gold and precious metal licence where bonanza results to date have demonstrated the project's exciting regional potential.

Noricum Gold Managing Director Greg Kuenzel said, "We believe that the bonanza gold and silver results received from multiple targets at Rotgulden to date demonstrate the fantastic potential and regional scale of this project. With this in mind, we are delighted to have raised these funds during this active and progressive time for Noricum.

Application will be made to the London Stock Exchange for the Shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective on or around 4 July 2012.

Michael Corcoran, Associate Partner and David Tink from the Corporate department, advised Noricum Gold Limited on this transaction.