/THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE OR
DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO A US PERSON.
NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA OR JAPAN/
TORONTO, March 12 /CNW/ - Eurasia Gold Inc. ("Eurasia" or, the "Company")
(TSX: EGX) announces that it is postponing its secondary listing on the Main
Market of the London Stock Exchange and the offering of new shares to
institutional investors (the "Global Offer").
Following a management road show for institutional investors, the Board
of Eurasia has concluded that, while a London listing with a substantial
capital raising was achievable, recent market volatility prevented completion
at a share price level that valued the Company fairly.
Baltabek Mukashev, CEO of Eurasia said:
"During our road show we received strongly positive feedback, but market
turbulence has not allowed investors to concentrate fully on our value
proposition. The Board is determined to preserve value for all shareholders,
both current and future, and given the significant interest expressed in the
Company during the roadshow it concludes that a postponement of the offering
is the best course.
The management team and the Board of Directors remain committed to
delivering the Company's stated strategy, and today's announcement does not
unduly delay our plans for achieving our objectives. Eurasia will continue the
investment program aimed at developing existing and new assets, and will
monitor the situation for the best timing to access the capital markets."
Despite this development, the parties will proceed with the acquisition
of the Bozymchak gold - copper deposit in Kyrgyzstan and the Akjilga silver
deposit in Tajikistan subject to the share purchase agreement. Shareholders of
Eurasia are scheduled to vote on the proposed acquisition at a meeting to be
held on March 13, 2007.
This news release contains forward-looking statements contained that are
not historical facts. Forward-looking statements involve risks, uncertainties
and other factors that could cause actual results, performance, prospects and
opportunities to differ materially from those expressed or implied by such
forward-looking statements. Forward looking statements in this news release
include, but are not limited to, completion of any future financing. Factors
that could cause actual results to differ materially from these
forward-looking statements include those risks set out in Eurasia's public
documents filed on SEDAR. Although Eurasia believes that the assumptions and
factors used in preparing the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply as of the
date of this news release, and no assurance can be given that such events will
occur in the disclosed time frames or at all. Eurasia disclaims any intention
or obligation to update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise.
These materials are not for distribution, directly or indirectly, in or
into the United States, Australia, or Japan. This document does not constitute
an offer of securities for sale in the United States, nor may any securities
be offered or sold in the United States absent registration or an exemption
from registration as provided in the US Securities Act of 1933, and the rules
and regulations thereunder. No securities are being registered for offer or
sale in the United States and no public offering of any securities in the
United States will be made.
This announcement is directed only at (i) persons who are outside the
United Kingdom or (ii) persons who have professional experience in matters
relating to investments falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2) of the Order (all such persons
together being referred to as "relevant persons"). Any investment activity to
which this communication relates will only be available to and will only be
engaged with, relevant persons. Any person who is not a relevant person should
not act or rely on this document or any of its contents.
The information contained herein does not constitute an offer to sell or
the solicitation of an offer to buy nor shall there by any sale of any
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration, exemption of registration or qualification
under the securities laws of any such jurisdiction.
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein.
For further information:
For further information: Baltabek Mukashev, President and CEO, + 7 3272
37 83 06, firstname.lastname@example.org; Eurasia Gold Inc., (416)