WHITEHORSE, YT, Dec. 6, 2011 /CNW/ - European Goldfields Limited (AIM: EGU / TSX: EGU) ("European Goldfields" or the "Company") acknowledges the Company's
recent trading activity and announces that the Company has received
preliminary and indicative approaches from third parties regarding
potential corporate transactions. No formal offers have been received
and there can be no assurances that any transaction will result from
any of these approaches.
The Company does not intend commenting further on these or other
proposals unless a definitive agreement is reached with any third party
or unless otherwise required by law.
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 is
expected to 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
<p> <b>Enquiries:</b> </p> <table border="0" cellspacing="0"> <tr valign="top"> <td align="left"> <b>European Goldfields</b> </td> <td align="right"> <b>Liberum Capital Limited</b> </td> </tr> <tr valign="top"> <td align="left"> Steve Sharpe, SVP Business Development </td> <td align="left"> Michael Rawlinson </td> </tr> <tr valign="top"> <td align="left"> e-mail: <a href="mailto:info@egoldfields.com">info@egoldfields.com</a> </td> <td align="left"> Tom Fyson </td> </tr> <tr valign="top"> <td align="left"> Tel: +44 (0)20 7408 9534 </td> <td align="left"> Tel: +44 (0)20 3100 2000 </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="right"> </td> </tr> <tr valign="top"> <td align="left"> <b>Brunswick</b> </td> </tr> <tr valign="top"> <td align="left"> Carole Cable / Fiona Micallef-Eynaud </td> </tr> <tr valign="top"> <td align="left"> e-mail: <a href="mailto:egoldfields@brunswickgroup.com">egoldfields@brunswickgroup.com</a> </td> </tr> <tr valign="top"> <td align="left"> Tel: +44 (0)20 7404 5959 </td> </tr> </table> <p> </p> <p> </p> <table border="0" cellspacing="0"> <tr valign="top"> <td align="left"> <b>Lazard & Co., Ltd</b><br/> Spiro Youakim<br/> Chris Seherr-Thoss<br/> Tel: +44 (0)20 7187 2000 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left"> <b>BMO Capital Markets</b><br/> Egizio Bianchini<br/> Gary Mattan<br/> Tel: +1 (0) 416 359 4001 </td> </tr> </table> <p> </p>