Nordgold - Directors' Interests in GDRs
Amsterdam, Netherlands, December 15, 2014 - 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. David Morgan, Chairman of Nordgold, following his purchase of 50,000 GDRs on December 12, 2014 at an average price of US$1.50 per GDR. Following the notification of this purchase, Mr. Morgan's interest in the Company's share capital is 50,000 GDRs, representing 0.01% of the total issued share capital.
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 2013 Nordgold’s gold production was 924 thousand ounces, up from 717 thousand ounces in 2012.
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.