Nordgold - Directors' and Managers' Interests in GDRs
Amsterdam, Netherlands, September 3, 2014 - Nord Gold N.V. (“Nordgold” or the “Company”, LSE: NORD), the internationally diversified, pure-play gold producer strategically focused on emerging markets, 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 40,000 GDRs on 2 September 2014 at an average price of US$1.50 per GDR. Following the notification of this purchase, Mr. Nossal's interest in the Company's share capital is 40,000 GDRs, representing 0.01% of the total issued share capital.
Nordgold (LSE: NORD) is an international pure-play emerging-markets gold producer established in 2007 and publicly traded on the London Stock Exchange. The Company has expanded rapidly through carefully targeted acquisitions and organic growth, achieving a rate of growth unmatched in the industry during that period. In 2013, Nordgold’s gold production increased to 924 koz from 717 koz in 2012.
The Company operates 9 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 and French Guiana. Nordgold employs about 10,000 people.