Board Appointments
July 26 2007 - 3:23AM
UK Regulatory
RNS Number:8993A
European Goldfields Ltd
26 July 2007
For Immediate Release 26 July 2007
European Goldfields Limited
Director and Management Appointments
26 July 2007 - European Goldfields Limited (TSX / AIM: EGU) (the "Company") is
pleased to announce the appointment of Georgios Sossidis as a Non-executive
Director, Neil Liddell as Senior Mining Engineer and Robert Murphy as Senior
Project Manager of the Company.
Commenting on the appointments, David Reading, Chief Executive Officer of
European Goldfields, said: "We are delighted to welcome Georgios, Neil and Bob
to our expanding team. Georgios Sossidis will represent our Greek partner Aktor
S.A. on the Board, liaising with them on all strategic matters including the
pending permit application for our major gold and base metals projects of
Skouries and Olympias in Greece. Neil Liddell and Bob Murphy will integrate with
our team in Greece to assist in the operation of our mine at Stratoni and to
help build our Skouries and Olympias mines. Their credentials as "mine-builders"
will also be instrumental in developing our gold-silver project of Certej in
Romania."
Georgios Sossidis, Non-executive Director - George Sossidis, aged 56, is
currently a member of the Board of Directors of 25 subsidiaries and associate
companies of Elliniki Technodomiki TEB Group (ATHEX: ELTEX), operating in the
fields of infrastructure, real estate and energy. He holds a Diploma in Civil
Engineering and a Master of Science in Operational Research from the RWTH Aachen
University, Germany. Mr. Sossidis started his career as an Associate Professor
in the academic areas of planning and decision-making at the University of
Hagen, Germany. Upon his return to Greece, he undertook positions of
responsibility, as Management Consultant and Director, in several companies
operating in the industrial, construction and transportation sectors. Mr.
Sossidis joined the Elliniki Technodomiki TEB Group in 1991 and contributes to
its rapid expansion in Greece and abroad ever since. Mr. Sossidis does not hold
any common shares of the Company.
Neil Liddell, Senior Mining Engineer - Neil Liddell joined the Company in July
2007 from a background of over 30 years experience in both surface and
underground operations in precious and base metals and coal. Ten years
experience in production in southern Africa was followed as a corporate/in-house
consultant at Shell Minerals South Africa. Subsequently, He joined IMC Group
Consulting / IMC Mackay and Schnellmann in 1991 and provided consultancy
services in roles from senior mining engineer to project manager for government
institutions to private enterprises in Asia, Europe, the FSU and the Americas.
Mr. Liddell managed the London Office particularly focussing on the metals
industry and managed the CPR's for the Main Board London Stock Exchange listings
of Kazakhmys Plc (2004) and Hochschild Mining Plc (2006). Mr. Liddell's
appointment follows Neil Hepworth's resignation as Vice President, Operations of
the Company in May 2007.
Robert Murphy, Senior Project Manager - Bob Murphy spent 20 years with Techpro
Mining & Metallurgy where he was senior principal engineer and a member of the
company management team. He was responsible for the mechanical engineering
department and worked on a variety of concentrator, hydrometallurgical, deep
mine dewatering and tailings reclamation projects in Africa and Europe. Mr.
Murphy has managed a variety of large projects and feasibility studies. Prior to
joining the Company in May 2007, he provided project and programme management
services to major international pharmaceutical companies. Mr. Murphy is a
chartered mechanical engineer.
About European Goldfields
European Goldfields is a resource company involved in the acquisition,
exploration and development of mineral properties in Greece, Romania and
South-East Europe.
Greece - European Goldfields holds a 95% interest in Hellas Gold S.A. Hellas
Gold owns three major gold and base metal deposits in Northern Greece. The
deposits are the polymetallic projects of Stratoni and Olympias which contain
gold, zinc, lead and silver, and the Skouries copper/gold porphyry body. Hellas
Gold commenced production at Stratoni in September 2005 and selling an existing
stockpile of Olympias gold concentrates in July 2006. Hellas Gold is applying
for permits to develop the Skouries and Olympias projects.
Romania - European Goldfields owns 80% of the Certej gold/silver project in
Romania. European Goldfields submitted in March 2007 a technical feasibility
study to the Romanian government, in support of a permit application to develop
the project.
Save for the declarations below, there are no further disclosures to be made in
respect of the appointment of Mr Sossidis under rule 17 and under Schedule 2
paragraph (g) of the AIM rules.
Current Directorships/Partnerships
Company Date of Appointment
Aeolika Parka of Greece Trizinia S.A. February 2002
Aeoliki Zaraka Metamorfossis S.A. February 2002
Aiforiki Dodekanissou S.A. August 2004
Aeoliki Parnonos S.A. February 2002
Helector S.A. February 2003
Peloponnisiakos Anemos S.A. April 2006
P.M.S. Parking Systems S.A. November 2001
Anemos Alkyonis S.A. May 2006
Asterion S.A. July 2004
Hellas Gold S.A. December 2003
Aeolika Parka Malea S.A. February 2002
Anemos Thrakis Sa September 2006
Metropolitan Athens Park S.A. June 2006
Myes Smixiotikou S.A. August 2006
Greek Mines S.A. December 2004
EP.AN.A S.A. January 2004
Spanos S.A. July 1991
Transhelit S.A. February 1998
Previous Directorships/Partnerships
Company Date of Resignation
Aeoliki Antissas S.A. March 2007
Terpandros Aeolika Parka S.A. March 2007
HE&D Renewables S.A. April 2007
Tetrapolis Aeolika Parka S.A. May 2007
Elliniki Technodomiki Energeiaki S.A. July 2004
For further information please contact:
European Goldfields: e-mail: info@egoldfields.com
David Reading, Chief Executive Officer Office: +44 (0)20 7408 9534
RBC Capital Markets Office: +44 (0)20 7653 4093
Patrick Meier / Peter Barrett-Lennard
Evolution Securities Office: +44 (0)20 7071 4300
Simon Edwards / Neil Elliot
Buchanan Communications: e-mail: bobbym@buchanan.uk.com
Bobby Morse / Ben Willey Office: +44 (0)20 7466 5000
Renmark Financial Communication: e-mail: nmurraylyon@renmarkfinancial.com
Neil G. Murray-Lyon Office: +1 514 939 3989
This information is provided by RNS
The company news service from the London Stock Exchange
END
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