DIRECTORS DEALINGS
August 26 2010 - 11:32AM
UK Regulatory
TIDMEGU
RNS Number : 7212R
European Goldfields Ltd
26 August 2010
For Immediate Release
26 August 2010
European Goldfields Limited
DIRECTORS DEALINGS
26 August 2010 - European Goldfields Limited (TSX / AIM: EGU) ("European
Goldfields" or the "Company") announces that Mark Rachovides, Director and
Executive Vice President of the Company, has exchanged 166,666 options for
59,180 common shares in the Company in accordance with the rules of the
Company's Share Incentive Plan. The shares were subsequently sold on 26 August
2010 at an average price of 552.22p.
Following these transactions, Mr. Mark Rachovides' shareholding remains
unchanged at 138,898 Common Shares of the Company or 0.08% of the Company's
current issued share capital.
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
Steve Sharpe, VP Business Development Simon Atkinson
e-mail: info@egoldfields.comTom Fyson
Tel: +44 (0)20 7408 9730
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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