Quote: Eldorado Closes Acquisition of Sino Gold VANCOUVER, BRITISH COLUMBIA–(Marketwire – 12/15/09) – Eldorado Gold Corporation (TSX:ELD – News)(NYSE:EGO – News)(ASX:EAU – News) (“Eldorado” or “Company”) is pleased to announce the closing of its acquisition of all of the outstanding securities (the “Sino Gold Securities”) of Sino Gold Mining Limited (“Sino Gold”), not held by Eldorado, pursuant to a Scheme Implementation Deed dated August 26, 2009, as amended October 27, 2009 (the “Scheme Deed”), with Sino Gold, by way of schemes of arrangement (the “Schemes”) under the laws of Australia (the “Transaction”). Pursuant to the Schemes, Eldorado, through its wholly owned subsidiary, Eldorado Pacific Pty Limited, acquired all of the outstanding ordinary shares of Sino Gold (the “Sino Gold Shares”) not held by Eldorado that, together with the Sino Gold Shares already held by Eldorado, constitute 100% of the issued and outstanding Sino Gold Securities following the implementation of the Transaction. All outstanding options (“Sino Gold Options”) to purchase Sino Gold Shares were cancelled pursuant to the Schemes in connection with the implementation of the Transaction.
Read the original:
EAU – Eldorado Gold Corporation