European Goldfields Limited - Directors' RSU Awards

WHITEHORSE, Nov. 15, 2011 /CNW/ - European Goldfields Limited (TSX / AIM: EGU) ("European Goldfields" or the "Company") today reports that on 9 November 2011, the Company granted, as part of its regular annual bonus awards, Restricted Share Units ("RSUs") in accordance with the Company's Equity Participation Plan, as listed below. The RSUs will vest on 31 December 2012 subject to the satisfaction of certain performance criteria.

Name of Director    Number of RSUs granted
Martyn Konig      31,874
Timothy Morgan-Wynne    21,557
Mark Rachovides     17,526

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


 

 

SOURCE European Goldfields Ltd.

For further information:

European Goldfields 
Steve Sharpe, SVP Business Development
e-mail: info@egoldfields.com
Tel: +44 (0)20 7408 9534
  Liberum Capital Limited
Simon Atkinson
Tom Fyson
Tel: +44 (0)20 3100 2000
     
Brunswick
Carole Cable / Fiona Micallef-Eynaud
e-mail: egoldfields@brunswickgroup.com
Tel: +44 (0)20 7404 5959
  Evolution Securities Limited
Tim Redfern
Neil Elliott
Tel: +44 (0)20 7071 4300

Profil de l'entreprise

European Goldfields Ltd.

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