Directors Dealings (7291W)
November 24 2010 - 5:45AM
UK Regulatory
TIDMEGU
RNS Number : 7291W
European Goldfields Ltd
24 November 2010
Suite 200, Financial Plaza
204 Lambert Street
Whitehorse, Yukon
Canada Y1A 3T2
For Immediate Release
DIRECTORS DEALINGS
24 November 2010 - European Goldfields Limited (TSX / AIM: EGU)
("European Goldfields" or the "Company") announces that Mark
Rachovides, Director and Executive Vice President of the Company,
has exchanged 583 334 options for 357,261 common shares in the
Company in accordance with the rules of the Company's Share
Incentive Plan. The subsequent sale of the shares was completed on
23 November 2010 at an average price of CDN$14.6735. Proceeds of
the sale are to be used towards the purchase of a principal
residential property.
Following these transactions, Mr. Mark Rachovides' shareholding
remains unchanged at 138,898 common shares of the Company or 0.08%
of the Company's current issued share capital.
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 will 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
For further information please contact:
European Goldfields Liberum Capital Limited
Steve Sharpe, VP Business Development Simon Atkinson
e-mail: info@egoldfields.com Tom Fyson
Tel: +44 (0)20 7408 9730 Tel: +44 (0)20 3100 2000
Brunswick Evolution Securities Limited
Carole Cable / Fiona Micallef-Eynaud Rob Collins
e-mail: egoldfields@brunswickgroup.com Tim Redfern
Tel: +44 (0)20 7404 5959 Tel: +44 (0)20 7071 4300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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