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Eldorado Gold Announces Public Offering of Common Shares
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Vancouver, BC (February 23, 2009) -- Eldorado Gold Corporation
("Eldorado" or the "Company") announced today its intention to raise
approximately CDN$275 million through a public offering (the
"Offering") of common shares. In connection with the Offering, the
Company has filed a preliminary short form prospectus with the
securities regulatory authorities in each of the provinces of Canada
and a registration statement with the United States Securities and
Exchange Commission. The Offering will be underwritten by Macquarie
Capital Markets Canada Ltd.
The number of common shares to be distributed and the price of each
common share will be determined in the context of the market with final
terms to be determined at the time of pricing. The Company will grant
the underwriter an over-allotment option to purchase additional common
shares in an amount up to 15% of the Offering, exercisable at any time
up to 30 days from (and including) the closing of the Offering.
The Company intends to use the net proceeds from the Offering for
acquisitions, development of acquired mineral properties, working
capital requirements and/or for other general corporate purposes.
The common shares will be offered by way of a short form prospectus in
all of the provinces of Canada and will be registered in the United
States pursuant to a registration statement filed under the
multi-jurisdictional disclosure system, and may also be offered on a
private placement basis in certain jurisdictions outside of Canada
pursuant to applicable prospectus exemptions. A preliminary short form
prospectus has been filed in all the Provinces of Canada for which the
Company has obtained a receipt. A registration statement relating to
these securities has been filed with the United States Securities and
Exchange Commission but has not yet become effective. The securities
may not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of these common shares in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
The Offering is scheduled to close on or about March 16, 2009 and is
subject to certain customary terms and conditions, including normal
regulatory approvals, including the approval of the Toronto Stock
Exchange and the NYSE-Alternext US. A copy of the prospectus relating
to the securities may be obtained in Canada from Macquarie Capital
Markets Canada Ltd. by telephone at (416) 848-3501.
Certain of the statements made herein may contain forward-looking
statements or information within the meaning of the United States
Private Securities Litigation Reform Act of 1995, and forward-looking
statements or information within the meaning of the applicable Canadian
Securities laws. Such forward-looking statements or information
include, but are not limited to statements or information, relating to
the Offering and proposed use of proceeds. Such forward-looking
statements or information are subject to known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company, or industry results, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Forward-looking statements or information are subject to a variety of
risks and uncertainties, which could cause actual events, or results to
differ from those reflected in the forward-looking statements or
information. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those described in forward-looking
statements. Specific reference is made to "Forward-Looking Statements
and Risk Factors" in the Company's Annual Information Form and Form
40-F dated March 31, 2008. Forward-looking statements herein include
statements regarding the expectations and beliefs of management. Such
factors included, among others, the following: the need to negotiate
the terms of the Offering and to satisfy the conditions agreed upon,
the need to satisfy regulatory and legal requirements with respect to
the Offering; gold price volatility; impact of any hedging activities,
including margin limits and margin calls; discrepancies between actual
and estimated production, between actual and estimated reserves, and
between actual and estimated metallurgical recoveries; mining
operational risk; risks from litigation; regulatory restrictions,
including environmental regulatory restrictions and liability; risks of
sovereign investment; speculative nature of gold exploration; dilution;
competition; loss of key employees; additional funding requirements;
and defective title to mineral claims or property, as well as those
factors discussed in the section entitled "Risk Factors" in the
Company's Annual Information Form and Form 40-F dated March 31, 2008.
We do not expect to update forward-looking statements continually as
conditions change and you are referred to the full discussion of the
Company's business contained in the Company's reports filed with the
securities regulatory authorities in Canada and the U.S.
Eldorado Gold Corporation's common shares trade on the Toronto Stock
Exchange (TSX: ELD) and the NYSE-Alternext US (NYSE-A: EGO).
Contact:
Earl Price, Chief Financial Officer
Eldorado Gold Corporation
Phone: 604.601-6661 or 1.888.353.8166
Fax: 604.687.4026
Email: earlp@eldoradogold.com
1188, 550 Burrard Street
Vancouver, BC V6C 2B5
Web site: www.eldoradogold.com
Request for information packages: info@eldoradogold.com
To view News Release PDF, please click here:
http://www.eldoradogold.com/i/pdf/NR09-05Final.pdf
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Copyright (c) 2009 ELDORADO GOLD CORP. (ELD) All rights reserved. For
more information visit our website at http://www.eldoradogold.com/ or
send mailto:info@eldoradogold.com
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Eldorado Gold Corporation
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PRODUCTEUR |
CODE : ELD.TO |
ISIN : CA2849021035 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Eldorado Gold est une société de production minière d'or basée au Canada. Eldorado Gold est productrice d'or, de fer au Bresil, au Mexique, en Chine et en Turquie, en développement de projets d'argent et d'or en Chine et en Grece, et détient divers projets d'exploration au Bresil et en Chine. Ses principaux projets en production sont KISLADAG et EFEMÇUKURU en Turquie, LA TRINIDAD - ELDORADO au Mexique, TANJIANSHAN, JINFENG, JIANCHALING, WHITE MOUNTAIN et BEYINHAR en Chine et VILA NOVA au Bresil, ses principaux projets en développement sont EASTERN DRAGON en Chine et PERAMA HILL en Grece et ses principaux projets en exploration sont HEI-SHAN (SHANDONG) et ZHANGJIASHAN en Chine et TOCANTINZINHO au Bresil. Eldorado Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 14,9 milliards CA$ (10,9 milliards US$, 10,2 milliards €). La valeur de son action a atteint son plus bas niveau récent le 03 août 2001 à 0,21 CA$, et son plus haut niveau récent le 26 avril 2024 à 20,77 CA$. Eldorado Gold possède 716 820 032 actions en circulation. |