Nordgold - Directors' Interests in GDRs
Amsterdam, Netherlands, March 4, 2015 – Nord Gold N.V. ("Nordgold" or "the Company", LSE: NORD), an internationally diversified, low-cost gold producer, announces that it has registered, in accordance with chapter 5.3 of the Dutch Act on Financial Supervision, the interests of Mr. Michael Nossal, Independent non-executive Director of Nordgold, following his purchase of 50,000 GDRs on February 26, 2015 at an average price of US$2.23 per GDR for the total amount of US$111,290. This transaction was settled on March 2, 2015.
Following the notification of this purchase, Mr. Nossal's interest in the Company's share capital is 90,000 GDRs, representing 0.024% of the total issued share capital of 380,998,290 shares.
Nordgold (LSE: NORD) is an international low-cost gold producer established in 2007. The Company has expanded rapidly through carefully targeted acquisitions and organic investment, achieving a rate of growth unmatched in the industry during that period. In 2014, Nordgold’s gold production increased to 985 thousand ounces from 924 thousand ounces in 2013.
The company operates 9 active mines and has 2 development projects, 4 advanced exploration projects and a diverse portfolio of early-stage exploration projects and licenses in Russia, Kazakhstan, Burkina Faso, Guinea, French Guiana and Canada. Nordgold employs about 10,000 people.
For further information, please contact:
Head of IR
|Cell: +7 (916) 474 5996|
Head of Media Relations
|Cell: +7 (916) 510 1411|
|Tel: +44 (0)20 7379 5151|