APPOINTMENT OF NOMINATED ADVISOR AND JOINT BROKERS
June 10 2010 - 2:01AM
UK Regulatory
TIDMEGU
RNS Number : 3583N
European Goldfields Ltd
10 June 2010
For Immediate Release
10 June 2010
European Goldfields Limited
APPOINTMENT OF NOMINATED ADVISOR AND JOINT BROKERS
10 June 2010 - European Goldfields Limited (TSX / AIM: EGU) ("European
Goldfields" or the "Company") is pleased to announce the appointment of Liberum
Capital Limited as Nominated Adviser and Joint Broker and Evolution Securities
Limited as Joint Broker to the Company. These appointments take place with
immediate effect.
Commenting on the appointment, Martyn Konig, Executive Chairman and President of
European Goldfields, said: "We see the appointment of Liberum Capital and
Evolution Securities as key to developing our London investor base and enhancing
London liquidity to complement the strong trading activity in the Company's
shares on the Toronto Stock Exchange. This decision follows a review by
European Goldfields of its advisors as it readies itself for development of its
key projects in Romania and Greece."
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 and the sale of gold concentrates from Olympias. 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
For further information please contact:
European Goldfields:
Liberum Capital Limited
Sally Schofield, VP Investor Relations Simon
Atkinson
e-mail: info@egoldfields.comMichael Rawlinson
Tel: +44 (0)20 7408 9534
Tel: +44 (0)20 3100 2000
Buchanan Communications: Evolution
Securities Limited
Bobby Morse / Katharine Sutton Rob
Collins
e-mail: bobbym@buchanan.uk.com Tim Redfern
Tel: +44 (0)20 7466 5000
Tel: +44 (0)20 7071 4300
Forward-looking statements
Certain statements and information contained in this document, including any
information as to the Company's future financial or operating performance and
other statements that express management's expectations or estimates of future
performance, constitute forward-looking information under provisions of Canadian
provincial securities laws. When used in this document, the words "anticipate",
"expect", "will", "intend", "estimate", "forecast", "planned" and similar
expressions are intended to identify forward-looking statements or information.
Forward-looking statements include, but are not limited to, the estimation of
mineral reserves and resources, the timing and amount of estimated future
production, costs and timing of development of new deposits, permitting time
lines and expectations regarding metal recovery rates. Forward-looking
statements are necessarily based upon a number of estimates and assumptions
that, while considered reasonable by management, are inherently subject to
significant business, economic and competitive uncertainties and contingencies.
The Company cautions the reader that such forward-looking statements involve
known and unknown risks, uncertainties and other factors that may cause the
actual financial results, performance or achievements of the Company to be
materially different from its estimated future results, performance or
achievements expressed or implied by those forward-looking statements and the
forward-looking statements are not guarantees of future performance. These
risks, uncertainties and other factors include, but are not limited to: changes
in the price of gold, base metals or certain other commodities (such as fuel and
electricity) and currencies; uncertainty of mineral reserves, resources, grades
and recovery estimates; uncertainty of future production, capital expenditures
and other costs; currency fluctuations; financing and additional capital
requirements; the successful and timely permitting of the Company's Skouries,
Olympias and Certej projects; legislative, political, social or economic
developments in the jurisdictions in which the Company carries on business;
operating or technical difficulties in connection with mining or development
activities; the speculative nature of gold and base metals exploration and
development, including the risks of diminishing quantities or grades of
reserves; the risks normally involved in the exploration, development and mining
business; and risks associated with internal control over financial reporting.
For a more detailed discussion of such risks and material factors or assumptions
underlying these forward-looking statements, see the Company's Annual
Information Form for the year ended 31 December 2009, filed on SEDAR at
www.sedar.com. The Company does not intend, and does not assume any obligation,
to update or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by law.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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