Eurasia Gold Inc. to obtain secondary listing http://www.tsx.com/...&Market=T&Language=en&QuoteSymbol_1=egx&x=0&y=0
THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO A US PERSON. NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA OR JAPAN./
LONDON, Feb. 26 /CNW/ - Eurasia Gold Inc. ("Eurasia" or, the "Company") (TSX: EGX) is announcing today its intention to seek a secondary listing on the Main Market of the London Stock Exchange and to proceed with an offer of ordinary shares to institutional investors (the "Global Offer"), as disclosed in its press release of February 12, 2007.
The Global Offer will comprise an institutional only offer of new US$-denominated ordinary shares in the UK and certain other jurisdictions. The Global Offer will not be made available in Canada or to Canadian residents. There will be an over-allotment option of existing ordinary shares of up to 15 per cent of the Global Offer to be provided by the controlling shareholder.
Eurasia is engaged in the exploration, mining and production of gold and other minerals in Kazakhstan. The Company is acquiring two new development assets: a gold - copper project in Kyrgyzstan and a silver project in Tajikistan (the "Central Asian Assets"). These acquisitions represent a major step in the Company's strategy to become one of the leading companies in the Central Asian metals and mining sector.
The Company intends to use the proceeds raised in the Global Offer to, among other things, develop its current deposits in Kazakhstan and the Central Asian Assets, as well as to expand its ongoing geological exploration programmes.
It is currently anticipated that the Global Offer will be completed during March 2007.
Eurasia has appointed Nomura International and URALSIB Financial Corporation as its advisors in the listing process.
This news release contains forward-looking statements contained that are not historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements in this news release include, but are not limited to, completion of the listing. Factors that could cause actual results to differ materially from these forward-looking statements include those risks set out in Eurasia's public documents filed on SEDAR. Although Eurasia believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Eurasia disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
These materials are not for distribution, directly or indirectly, in or into the United States, Australia, or Japan. This document does not constitute an offer of securities for sale in the United States, nor may any securities be offered or sold in the United States absent registration or an exemption from registration as provided in the US Securities Act of 1933, and the rules and regulations thereunder. No securities are being registered for offer or sale in the United States and no public offering of any securities in the United States will be made.
The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption of registration or qualification under the securities laws of any such jurisdiction.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
For further information: Baltabek Mukashev, President and CEO, + 7 3272 37 83 06, baltabek.mukashev@almaty.eurasiagold.com; Eurasia Gold Inc., (416) 504-2899, info@eurasiagold.com
http;//www.eurasiagold.com
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