Statement by European Goldfields Limited Regarding Share Price Movement
06.12.2011 | CNW
WHITEHORSE, YT, Dec. 6, 2011 /CNW/ - European Goldfields Limited
('European Goldfields' or the 'Company') acknowledges the Company's recent trading activity and announces that the Company has received preliminary and indicative approaches from third parties regarding potential corporate transactions. No formal offers have been received and there can be no assurances that any transaction will result from any of these approaches.The Company does not intend commenting further on these or other proposals unless a definitive agreement is reached with any third party or unless otherwise required by law.
About European Goldfields
European Goldfields is a developer-producer with globally significant gold reserves located within the European Union. The Company generates cash flow from its 95% owned Stratoni operation, a high grade lead/zinc/silver mine in North-Eastern Greece. European Goldfields is expected to evolve into a mid-tier producer through responsible development of its project pipeline of gold and base metal deposits at Skouries and Olympias in Greece and Certej in Romania. The Company plans future growth through development of its highly prospective exploration portfolio in Greece, Romania and Turkey.
For further information please see the Company's website at www.egoldfields.com
European Goldfields Ltd.
CONTACT: Enquiries:
European Goldfields Liberum Capital Limited
Steve Sharpe, SVP Business Development Michael Rawlinson
e-mail: info@egoldfields.com Tom Fyson
Tel: +44 (0)20 7408 9534 Tel: +44 (0)20 3100 2000
Brunswick
Carole Cable / Fiona Micallef-Eynaud
e-mail: egoldfields@brunswickgroup.com
Tel: +44 (0)20 7404 5959
Lazard & Co., Ltd BMO Capital Markets
Spiro Youakim Egizio Bianchini
Chris Seherr-Thoss Gary Mattan
Tel: +44 (0)20 7187 2000 Tel: +1 (0) 416 359 4001