TIDMEGU 
 
RNS Number : 5921N 
European Goldfields Ltd 
15 June 2010 
 

 
 
For Immediate Release 
                                    15 June 2010 
 
 
                          European Goldfields Limited 
 
                   FINAL CREDIT APPROVAL FOR CERTEJ FINANCING 
 
15 June 2010 - European Goldfields Limited (TSX / AIM: EGU) ("European 
Goldfields" or the "Company") is pleased to announce that, further to its press 
release of 30th March 2010 announcing the signing of a mandate letter, it has 
now received formal letters of commitment to underwrite a US$135 million 
financing package to part fund the development costs of the Certej gold-silver 
Project in Romania (the "Project").  As previously disclosed, the Mandated Lead 
Arrangers are Caterpillar Financial SARL, ING Bank N.V., Investec Bank plc, 
UniCredit Bank AG, London Branch and WestLB AG, London Branch, (together the 
"MLAs"). 
 
The structure of the financing package has further been optimised since the 
signing of the mandate letter and now consists of an 8 year US$120 million 
secured, limited recourse debt facility and a US$15 million secured equipment 
lease facility.  The commitments are on the basis of detailed term sheets which 
have been agreed with the Company and a Technical, Environmental and Social 
Audit of the Project conducted by SRK Consulting on behalf of the MLAs. 
 
The terms and conditions of the financing packaging include: 
 
·     No hedging that limits upside exposure of the shareholders to gold prices 
·     Security upon the Project assets 
·     A guarantee from the Company of the debt payment obligations until such 
time as the Project achieves completion, by the satisfaction of certain 
operational, legal and economic tests 
 
The underwriting commitments of the MLAs are subject to acceptable legal 
documentation and customary conditions precedent.  The financing package was 
oversubscribed by approximately 33%. 
 
European Goldfields is very pleased to have received commitments from such high 
quality financial institutions, which demonstrate strong support for the Certej 
Project and the Company's wider growth plans. 
 
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. 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 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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