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Additional Information

Market:	ASX
Sector:	Gold Mining
EPIC:	EUG
Latest Price:	0.17 (0.00%)
52-week High:	0.25
52-week Low:	0.15
Market Cap:	14.76M

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Eurogold

Eurogold Limited is a public company, listed on ASX Limited. Eurogold has disposed of its only remaining asset and the Directors are actively pursuing new opportunities for the Company.

Eurogold agrees terms with Brinkley to acquire outstanding shares

Thursday, September 09, 2010

Eurogold (ASX: EUG) has agreed terms with Brinkley Mining (AIM: BRM) to acquire all outstanding shares in the company it doesn't already own.

Eurogold currently owns 41.1% of the existing issued share capital of Brinkley, therefore the offer is classified as a related party transaction under the AIM Rules.

Consideration will comprise 11.9228 new Eurogold shares for every 100 Brinkley Shares, valuing each Brinkley share at 1.14 pence, a 34% premium to the closing price.

Peter Gunzburg, executive chairman at Brinkley commented, “I believe that the Offer should lead to a number of benefits for both Brinkley and Eurogold shareholders and create an Enlarged Group with lower costs and an exposure to a broader portfolio of investments in junior gold exploration and production companies.”

The Eurogold market capitalisation is $12 million.

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