Corporate Update (9553X)
December 14 2010 - 11:34AM
UK Regulatory
TIDMEGU
RNS Number : 9553X
European Goldfields Ltd
14 December 2010
Suite 200, Financial Plaza
204 Lambert Street
Whitehorse, Yukon
Canada Y1A 3T2
For Immediate Release
CORPORATE UPDATE
14 December 2010 - European Goldfields Limited (TSX / AIM: EGU)
("European Goldfields" or the "Company") is pleased to provide a
general corporate update.
Euromines - The Company is pleased to announce that Mark
Rachovides, Executive Vice President has been elected to the Board
of Euromines. The organisation is the recognised advocate of the
European extractive industry and promotes the benefit and value of
both the products and the industry to society. Mr Rachovides is
also Chairman of the Euromines Gold Group.
Promotion - The Company also announces that Steve Sharpe has
been promoted to Senior Vice President, Business Development.
Corporate Social Responsibility - European Goldfields has a
strong commitment to Corporate Social Responsibility ("CSR"). The
recent launch of the new CSR pages on the website have facilitated
the communication of the Company's commitment to the responsible
management of the social and environmental impact in the
communities in which it operates. The Company is also working
toward Global Reporting Initiative ("GRI") standard reporting.
ISO 18001 - Hellas Gold has made significant progress over the
year in working toward the International Occupational Health and
Safety management system standard, ISO 18001. Having already
achieved the Environmental Management standard ISO 14001, obtaining
ISO 18001 would represent a very positive endorsement of the
Company's safety management system in Greece and of the strong
safety culture that exists at European Goldfields.
Directors' RSU Awards - On 9 December 2010, the Company granted,
as part of its regular annual bonus awards, Restricted Share Units
("RSUs") in accordance with the Company's Equity Participation
Plan, as listed below. The RSUs will vest on 31 December 2011
subject to the satisfaction of certain criteria.
Name of Director Number of RSUs granted
---------------------- -----------------------
Martyn Konig 44,852
---------------------- -----------------------
Mark Rachovides 30,333
---------------------- -----------------------
Timothy Morgan-Wynne 30,333
---------------------- -----------------------
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
Steve Sharpe, Senior Vice President Simon Atkinson
Business Development Tom Fyson
e-mail: info@egoldfields.com Tel: +44 (0)20 3100 2000
Tel: +44 (0)20 7408 9534
Brunswick Evolution Securities Limited
Carole Cable / Fiona Micallef-Eynaud Rob Collins
e-mail: egoldfields@brunswickgroup.com Tim Redfern
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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