European Goldfields Limited - Directors' RSU Awards
WHITEHORSE, Nov. 15, 2011 /CNW/ - European Goldfields Limited
('European Goldfields' or the 'Company') today reports that on 9 November 2011, the Company granted, as part of its regular annual bonus awards, Restricted Share Units ('RSUs') in accordance with the Company's Equity Participation Plan, as listed below. The RSUs will vest on 31 December 2012 subject to the satisfaction of certain performance criteria.
Name of Director Number of RSUs granted
Martyn Konig 31,874
Timothy Morgan-Wynne 21,557
Mark Rachovides 17,526
About European Goldfields
European Goldfields is a developer-producer with globally significant gold reserves located within the European Union. The Company generates cash flow from its 95% owned Stratoni operation, a high grade lead/zinc/silver mine in North-Eastern Greece. European Goldfields will evolve into a mid-tier producer through responsible development of its project pipeline of gold and base metal deposits at Skouries and Olympias in Greece and Certej in Romania. The Company plans future growth through development of its highly prospective exploration portfolio in Greece, Romania and Turkey.
For further information please see the Company's website at www.egoldfields.com
European Goldfields Ltd.
CONTACT:
European Goldfields Liberum Capital Limited
Steve Sharpe, SVP Business Development Simon Atkinson
e-mail: info@egoldfields.com Tom Fyson
Tel: 44 (0)20 7408 9534 Tel: 44 (0)20 3100 2000
Brunswick Evolution Securities Limited
Carole Cable / Fiona Micallef-Eynaud Tim Redfern
e-mail: egoldfields@brunswickgroup.com Neil Elliott
Tel: 44 (0)20 7404 5959 Tel: 44 (0)20 7071 4300