ngf friendly takeover of bmm successful

ASX/MEDIA ANNOUNCEMENT
25 September 2008
Norton’s friendly takeover of Bellamel is successful
Norton Gold Fields (ASX: NGF) (Norton) today announced it has acquired a 92.48 per cent interest in Bellamel Mining Limited (ASX: BMM). Norton intends to proceed to acquire compulsorily any Bellamel shares not tendered by the
closing date of the Offer, and will ask the Bellamel board to proceed with delisting Bellamel.
“Norton is very pleased with the success of the Offer which will unlock value for all shareholders,” Norton’s Managing Director, Jon Parker, said. “We’re encouraged the overwhelming majority of Bellamel shareholders share our confidence in the value of the combined entity and welcome all new shareholders to Norton Gold Fields.
The successful acquisition adds 2.8 Moz of gold to Norton’s Resources at Paddington, and further extends the life of the Paddington Mine.
“We are committed to utilising the merged assets to unlock value for all shareholders. “There are several immediate opportunities for synergies between our respective assets around Norton’s Paddington Gold Mine. A priority is to complete the evaluation and prioritisation of these and bring them into effect.“Norton’s plans to integrate the Bellamel assets into the Paddington mine plan and LOM were
well advanced when the bid was declared unconditional. Since then we have commenced implementation.
“We aim to achieve a quick and efficient consolidation of our respective operations.”
The current directors of Bellamel will step down from the board; Norton’s board will remain
unchanged.