Company Update (0151K)
July 07 2011 - 12:34PM
UK Regulatory
TIDMEGU
RNS Number : 0151K
European Goldfields Ltd
07 July 2011
Suite 200, Financial Plaza
204 Lambert Street
Whitehorse, Yukon
Canada Y1A 3T2
Company Update
7(th) July 2011 - European Goldfields Limited (AIM: EGU / TSX:
EGU) (the"Company") has noted the recent movement in its share
price.
The Company would like to confirm that over recent days it has
been in active and close dialogue with the Ministry of Environment,
Energy and Climate Change ("MOE"), regarding the permitting of its
Greek projects. Based upon those discussions, the Company is highly
confident of a positive outcome. Remarks reported in the press
today, following a press conference held by the MOE, further
underscore that level of confidence.
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.com Tom Fyson
Tel: +44 (0)20 7408 9534 Tel: +44 (0)20 3100 2000
Brunswick Evolution Securities Limited
Carole Cable / Fiona Micallef-Eynaud Tim Redfern
e-mail: egoldfields@brunswickgroup.com Neil Elliott
Tel: +44 (0)20 7404 5959 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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