PARIS, November 9 /CNW/ - EURO Ressources S.A. (TSX: EUR)(Paris: EUR)
today announced that it has now received notification from BNP Paribas of the
results of the rights issue of Common Shares in the Company.
BNP Paribas advise that they have received applications for subscription
from shareholders for 84.8% of the rights issued and additional applications
by way of over-allotment from shareholders for a further 42.6%. These
applications total 127.4% of the available rights. Accordingly the rights
issue will be fully subscribed without recourse to the underwriting
commitments from Macquarie Bank Limited and Golden Star Resources Ltd.
The Company will issue a further press release on formal confirmation by
BNP Paribas of the proportion of over-allotments that will be accepted,
expected on November 14, 2007.
EURO is a French company, presently focused on acquiring and holding
mineral royalties and similar interests on operating gold mines. Additionally,
EURO continues to hold certain exploration and development mineral rights,
principally gold, in French Guiana, which are the subject of joint venture
arrangements. EURO has approximately 50.5 million shares outstanding.
Statements Regarding Forward-Looking Information: Some statements
contained in this news release are forward-looking statements. Investors are
cautioned that forward-looking statements are inherently uncertain and involve
risks and uncertainties that could cause actual results to differ materially.
Such statements include comments regarding the Company's intentions regarding
the acquisition of other corporations and additional royalty or mineral
interests as well as the operations and results of the Rosebel gold mine.
There can be no assurance that future developments affecting the Company or
the Rosebel gold mine will be those anticipated by management.
Not for distribution to United States newswire services or for
dissemination in the United States. The securities referred to herein have not
been registered under the US Securities Act of 1933 and may not be offered or
sold in the United States or to a US person absent registration or an
applicable exemption from registration.
Additional information relating to EURO Ressources S.A. is available on
SEDAR at www.sedar.com. Further requests for information should be addressed
James H. Dunnett, Susanne A. Hermans
Directeur-General Vice-President Finance
Tel: +1-604-710-2242 Tel: +1-303-204-7771
Email: email@example.com Email: firstname.lastname@example.org
For further information:
For further information: EURO Ressources S.A. James H. Dunnett,
+1-604-710-2242 Directeur-General email@example.com or Susanne A. Hermans,
+1-303-204-7771 Vice-President Finance firstname.lastname@example.org