FOR IMMEDIATE RELEASE
NEWS
RELEASE
Nord Resources Corporation
1 Wetmore Road, Suite 203
Tucson, Arizona 85705
Tel: (520) 292-0266 Fax: (520) 292-0268
Nord Resources Corporation Announces Adjournment of Platinum Diversified
Mining, Inc.’s
Extraordinary General Meeting Until November 30, 2006
Monday, November 27, 2006
SOURCE: Nord Resources
Corporation
TUCSON, Ariz., November 27, 2006 - Mr. Ronald Hirsch, Chairman of the board of Directors, announced that Nord Resources Corporation (Other OTC: NRDS.PK - News) announced that Platinum Diversified Mining, Inc.’s (“Platinum”) extraordinary general meeting of shareholders, relating to Platinum’s proposed acquisition of Nord Resources Corporation (“Nord”) in the all-cash merger transaction (the “Merger”) announced on October 23, 2006, was convened and held today at 10:00 a.m. (United Kingdom time). However, Platinum has publicly stated that, due to lack of clarity over the delivery of proxies and the completion thereof, the meeting has been adjourned with the consent of Platinum’s shareholders until 5:00 p.m. (United Kingdom time) on Thursday, November 30, 2006. In its statement, Platinum reported that this should allow Platinum sufficient time to clarify the position on voting and the delivery of proxies to enable all shareholders to achieve their intended objectives.
In addition to the approval of Platinum’s shareholders, the Merger remains
subject to various other conditions, including the approval of Nord’s
stockholders. A special meeting of Nord’s stockholders has been called
for December 20, 2006. Additional information regarding this meeting of Nord’s
stockholders has been included in a definitive proxy statement filed by Nord
with the Securities and Exchange Commission (the “SEC”) on November
20, 2006 and first mailed to Nord’s stockholders on or about November
21, 2006. Investors and security holders may obtain free copies of the proxy
statement and other documents filed by Nord with the SEC through the website
maintained by the SEC at www.sec.gov. In addition, investors and security
holders may obtain free copies of the documents filed with the SEC by Nord
by contacting Nord directly at 1 West Wetmore Road, Suite 203, Tucson, Arizona
85705, Attention: John Perry,
Senior Vice President, Chief Financial Officer, Secretary and Treasurer.
For information contact:
John Perry, Senior Vice President, Chief Financial Officer, Secretary and
Treasurer (520) 292-0266
Website: www.nordresources.com
Forward-Looking Statement Disclaimer
This release contains forward-looking information within the meaning of the
Private Securities Litigation Reform Act of 1995. The forward-looking statements
in this release are based on current estimates and actual results may differ
materially due to risks associated with the fact that the consummation of
the merger transaction is subject to numerous closing conditions, including,
among others, (i) the approval of the transaction by Nord’s stockholders,
(ii) approval of the transaction by Platinum’s shareholders, (iii) the
absence of a material adverse effect in Nord’s business or operations,
as described in the merger agreement; (iv) the risk that the transaction may
not be consummated if the conditions to closing are not satisfied or waived;
(v) the risk that Platinum has certain termination rights in the definitive
merger agreement including as a result of a material adverse effect in Nord’s
business or operations; (vi) other risks set forth in Nord’s most recent
Form 10-KSB, Form 10-QSB and other SEC filings which are available through
EDGAR at www.sec.gov. These are among the primary risks we foresee at the
present time. Nord assumes no obligation to update the forward-looking statements.
SOURCE: Nord Resources Corporation