Listing Main Market - London Stock Exchange -
Share Offering and Overseas Listing -
The Company is contemplating a share offering to fund
the development of its new projects and the possibility
of a listing on the Main Market of -
the London Stock Exchange.
Eurasia has appointed Nomura International and URALSIB
Financial Corporation as its advisors in this process.
The Company and its advisors will continue to assess
the timing and quantum for such a potential
share offering.
Corporate Governance
The Company has formalized its corporate policies with
a view to complying to the extent possible with the best
corporate governance practices in the United Kingdom,
as well as Canada.
This includes the following changes:
<<
- Restructuring of the Board of Directors to comply with
the UK
Combined Code;
- Creating new terms of reference for its Board Committees
in compliance with the UK Combined Code, as well as adopting
the UK Model Code;
- Ceasing related party transactions, other than the Acquisition,
by entering into a Non-Competition Agreement with its
majority shareholders;
- Limiting the control of the majority shareholder
and avoiding conflicts of interest by entering into a
Relationship Agreement with it major corporate shareholders,
certain members of the Mukashev family and Aman Adilkhanov;
and
- Adopting pre-emption rights following the Continuance.
>>
Appendix: Brief CVs of Tim Read and Stuart Leighton
Tim Read, age 59 (Non-executive Chairman Designate).
Mr. Read was conditionally appointed Independent Non-executive
Director and "Chairman Designate" on February 12, 2007,
effective as of the time of the Continuance.
Prior to joining the Board, Mr. Read was President and
Chief Executive Officer of Adastra Minerals, a Canadian mining
company with operations in Central Africa, between 1999 and 2006
and Managing Director and Joint Head of Mining Investment Banking
at Merrill Lynch International between 1995 and 1999.
Mr. Read obtained a Bachelor in Economics from the University
of Strathclyde, Glasgow in 1968 and is a Fellow of
the Securities and Investments Institute.
Stuart Leighton, age 38 (Non-executive Director).
Mr. Leighton was appointed Independent Non-executive Director
on February 12, 2007, effective as of the date of
the Continuance.
Prior to joining the Board, Mr Leighton was a partner at
Deloitte & Touche CIS between 1999 and 2006.
Mr Leighton obtained a Bachelor of Science in Accounting
from Napier University, Edinburgh in 1989.
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 Acquisition, completion of the Continuance and the realization of mineral resource estimates. 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.
This document is only addressed to and directed at persons
in member states of the European Economic Area who are
"qualified investors" within the meaning of Article 2(1)(e)
of the Prospectus Directive (Directive 2003/71/EC) (("Qualified
Investors").
In addition, in the United Kingdom, this document is being
distributed only to and is directed only at Qualified Investors
(a) who are persons who have professional experience in matters
relating to investments falling within Article 19(5) of
the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Order) or
(b) who are high net worth entities falling within Article 49
of the Order, and any other persons to whom it may otherwise
lawfully be communicated
(all such persons together referred to as "relevant persons").
Any investment or investment activity to which this document
relates is available only to
(i) in the United Kingdom, relevant persons, and
(ii) in any member state of the European Economic Area other
than the United Kingdom, Qualified Investors, and will be
engaged in only with such persons.
The qualified person, as such term is defined in National Instrument
43-101 - Standards of Disclosure for Minerals Projects
("NI 43-101"), who prepared the Technical Report was
Dr. Phil Newall (BSc, PhD, FIMMM, C. Eng.).
Dr. Newall is independent of the Company for the purposes
of NI 43-101.
Mineral resources that are not mineral reserves do not have
demonstrated economic viability.
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.
SOURCE: Eurasia Gold Inc.
Baltabek Mukashev, President and CEO, + 7 3272 37 83 06,
baltabek.mukashev@almaty.eurasiagold.com;
Eurasia Gold Inc.,
(416) 504-2899,
info@eurasiagold.com
Share Offering and Overseas Listing -
The Company is contemplating a share offering to fund
the development of its new projects and the possibility
of a listing on the Main Market of -
the London Stock Exchange.
Eurasia has appointed Nomura International and URALSIB
Financial Corporation as its advisors in this process.
The Company and its advisors will continue to assess
the timing and quantum for such a potential
share offering.
Corporate Governance
The Company has formalized its corporate policies with
a view to complying to the extent possible with the best
corporate governance practices in the United Kingdom,
as well as Canada.
This includes the following changes:
<<
- Restructuring of the Board of Directors to comply with
the UK
Combined Code;
- Creating new terms of reference for its Board Committees
in compliance with the UK Combined Code, as well as adopting
the UK Model Code;
- Ceasing related party transactions, other than the Acquisition,
by entering into a Non-Competition Agreement with its
majority shareholders;
- Limiting the control of the majority shareholder
and avoiding conflicts of interest by entering into a
Relationship Agreement with it major corporate shareholders,
certain members of the Mukashev family and Aman Adilkhanov;
and
- Adopting pre-emption rights following the Continuance.
>>
Appendix: Brief CVs of Tim Read and Stuart Leighton
Tim Read, age 59 (Non-executive Chairman Designate).
Mr. Read was conditionally appointed Independent Non-executive
Director and "Chairman Designate" on February 12, 2007,
effective as of the time of the Continuance.
Prior to joining the Board, Mr. Read was President and
Chief Executive Officer of Adastra Minerals, a Canadian mining
company with operations in Central Africa, between 1999 and 2006
and Managing Director and Joint Head of Mining Investment Banking
at Merrill Lynch International between 1995 and 1999.
Mr. Read obtained a Bachelor in Economics from the University
of Strathclyde, Glasgow in 1968 and is a Fellow of
the Securities and Investments Institute.
Stuart Leighton, age 38 (Non-executive Director).
Mr. Leighton was appointed Independent Non-executive Director
on February 12, 2007, effective as of the date of
the Continuance.
Prior to joining the Board, Mr Leighton was a partner at
Deloitte & Touche CIS between 1999 and 2006.
Mr Leighton obtained a Bachelor of Science in Accounting
from Napier University, Edinburgh in 1989.
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 Acquisition, completion of the Continuance and the realization of mineral resource estimates. 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.
This document is only addressed to and directed at persons
in member states of the European Economic Area who are
"qualified investors" within the meaning of Article 2(1)(e)
of the Prospectus Directive (Directive 2003/71/EC) (("Qualified
Investors").
In addition, in the United Kingdom, this document is being
distributed only to and is directed only at Qualified Investors
(a) who are persons who have professional experience in matters
relating to investments falling within Article 19(5) of
the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Order) or
(b) who are high net worth entities falling within Article 49
of the Order, and any other persons to whom it may otherwise
lawfully be communicated
(all such persons together referred to as "relevant persons").
Any investment or investment activity to which this document
relates is available only to
(i) in the United Kingdom, relevant persons, and
(ii) in any member state of the European Economic Area other
than the United Kingdom, Qualified Investors, and will be
engaged in only with such persons.
The qualified person, as such term is defined in National Instrument
43-101 - Standards of Disclosure for Minerals Projects
("NI 43-101"), who prepared the Technical Report was
Dr. Phil Newall (BSc, PhD, FIMMM, C. Eng.).
Dr. Newall is independent of the Company for the purposes
of NI 43-101.
Mineral resources that are not mineral reserves do not have
demonstrated economic viability.
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.
SOURCE: Eurasia Gold Inc.
Baltabek Mukashev, President and CEO, + 7 3272 37 83 06,
baltabek.mukashev@almaty.eurasiagold.com;
Eurasia Gold Inc.,
(416) 504-2899,
info@eurasiagold.com
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