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EURO Ressources S.A. — M&A Activity 2008
Dec 1, 2008
1304_tar_2008-12-01_d935e37c-d135-44c8-a7dd-f2f3aa394324.pdf
M&A Activity
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TSX: EUR NEWS RELEASE Paris: EUR
IAMGOLD TENDER FOR EURO SUCCESSFUL
PARIS, France, December 1, 2008: EURO Ressources S.A. (TSX: EUR; Euronext of the Bourse de Paris: EUR) reports that the Autorité des Marchés Financiers (the "AMF") has announced the preliminary results of the tender offer made by IAMGOLD Corporation. The total number of shares tendered is 43.4 million shares, representing 71.6% of the outstanding shares of EURO (69.4% on a fully-diluted basis): this is in excess of the minimum thresh-hold set by IAMGOLD of 50% plus one share of the fully diluted shares.
Accordingly, the takeover bid is expected to proceed and payment for the shares tendered will be made after the final tender results are published early this week. Under the timetable to be established by the AMF, the tender offer will re-open with the same conditions within 10 trading days of the publication of the final results and must remain open for a period of at least 10 further trading days.
About EURO
EURO is a French company, focused on owning royalties and similar interests on operating gold mines. EURO also holds certain gold mineral rights in French Guiana including Paul Isnard which comprises 8 concessions and a PER over 140 sq. km. EURO has approximately 60.6 million shares outstanding.
Statements Regarding Forward-Looking Information: Some statements in this news release are forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties. There can be no assurance that future developments affecting the Company will be those anticipated by management.
Not for distribution to United States newswire services or for dissemination in the United States. The securities referred to herein have not been registered under the US Securities Act of 1933 and may not be offered or sold in the United States or to a US person absent registration or an applicable exemption from registration.
Additional information relating to EURO Ressources S.A. is available under EURO's profile on SEDAR at www.sedar.com. Requests for further information should be addressed to:
James H. Dunnett, Directeur-Général Tel: +1 604 710 2242 Email: [email protected] Susanne A. Hermans Vice-President Finance Tel: +1 303 204 7771 Email: [email protected]