Company Update
February 01 2010 - 10:46AM
UK Regulatory
TIDMEGU
RNS Number : 4859G
European Goldfields Ltd
01 February 2010
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| Immediate Release | 01 February 2010 |
+-----------------------------------------------------+-----------------------------------------------------+
European Goldfields Limited
COMPANY ANNOUNCEMENT
1 February 2010 - European Goldfields Limited (TSX / AIM: EGU) (the "Company")
announces the resignation effective January 29 2010 of Mr. Cameron Mingay as a
director of the Company. Mr. Mingay had been a director since May 2008. The
Company would like to express its gratitude to Mr. Mingay for his contribution
and is finalizing the appointment of another non-executive director that shall
be announced in due course.
Directors and Officers Dealings
Further to the Board of Directors meeting of December 10 2009, the Company
has also granted on January 15 2010 a total of 235,513 Restricted Share Units
("RSUs") to group employees vesting in March and December 2010 in accordance
with the terms of the Company's Restricted Share Unit Plan. This includes
grants of 20,969 RSUs to Mr. Martyn Konig, 29,124 RSUs to Mr. Mark Rachovides
and 26,365 RSUs to Mr. Tim Morgan-Wynne, all being Directors of the Company. Mr.
Patrick Forward and Mr. Dimitris Dimitriadis being officers of the Company were
granted 10,788 and 11,496 RSUs respectively. Logistical reasons had delayed
announcement of this grant until today.
European Goldfields expects to publish its financial results by 31 March 2010 in
respect of the three-month period and year ended 31 December 2009.
About European Goldfields
European Goldfields Limited is a resource company involved in the
exploration, acquisition, mining and development of mineral properties in
Greece, Romania and South-East Europe.
Greece - European Goldfields holds a 95% interest in Hellas Gold S.A. Hellas
Gold owns three major gold and base metal deposits in Northern Greece. The
deposits are the polymetallic operation at Stratoni, the Olympias project which
contains gold, zinc, lead and silver, and the Skouries copper/gold porphyry
project. Hellas Gold commenced production at Stratoni in September 2005 and
started selling an existing stockpile of gold concentrates from Olympias in July
2006. Hellas Gold is applying for permits to develop and build the Skouries and
Olympias projects. European Goldfields received PEIS approval from the Greek
State covering all projects and operations in Greece in October 2009.
Romania - European Goldfields owns 80% of the Certej gold/silver project in
Romania. In July 2008, the National Agency of Mineral Resources approved the
technical feasibility study in support of its permit application and issued a
new mining permit for the Certej project.
For further information please contact:
European Goldfields:
Buchanan Communications:
Martyn Konig, Executive Chairman
Bobby Morse / Katharine Sutton
e-mail: info@egoldfields.com
e-mail: bobbym@buchanan.uk.com
Tel: +44 (0)20 7408 9534
Tel: +44 (0)20 7466 5000
RBC Capital Markets:
Josh Critchley
e-mail: joshua.critchley@rbccm.com
Matthew Coakes
e-mail: matthew.coakes@rbccm.com
Daniel Conti
e-mail: daniel.conti@rbccm.com
Tel: +44 (0) 020 7653 4000
This information is provided by RNS
The company news service from the London Stock Exchange
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