WHITEHORSE,
Feb. 1
/CNW/ - 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: European Goldfields: Martyn Konig, Executive Chairman, e-mail: [email protected], Tel: +44 (0)20 7408 9534; RBC Capital Markets: Josh Critchley, e-mail: [email protected]; Matthew Coakes, e-mail: [email protected]; Daniel Conti, e-mail: [email protected], Tel: +44 (0) 020 7653 4000; Buchanan Communications: Bobby Morse, Katharine Sutton, e-mail: [email protected], Tel: +44 (0)20 7466 5000
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