Eldorado Gold Announces Closing Of C$81.5 Million Strategic Investment By The European Bank For Reconstruction And Development (Ebrd)

Jun 14, 2023•about 2 years ago

Amount Raised

$81.5 Million

VancouverMining

Investors

Lynette GouldEbrdEuropean Bank For Reconstruction And Development

Description

Eldorado Gold Corporation (“Eldorado” or the “Company”) today announced the closing of the previously announced strategic investment of C$81.5 million by the European Bank for Reconstruction and Development (the "EBRD"). The investment was effected by way of a private placement whereby EBRD subscribed for 6,269,231 shares at a price of C$13.00 per share. (the “Private Placement”). The Private Placement is subject to final acceptance of the Toronto Stock Exchange.

Company Information

Company

Eldorado

Location

Vancouver, British Columbia, Canada

About

Based in Vancouver, Eldorado Gold is a Canadian mid-tier gold and base metals producer with 25 years of experience building and operating mines in Europe, Asia and the Americas. The Company's shares trade on the Toronto (TSX: ELD) and New York (NYSE: EGO) stock exchanges. Eldorado’s operations are global and the Company has assets in Turkey, Greece, Canada, and Romania. Eldorado's activities involve all facets of mining, including exploration, development, production and reclamation. In 2020, Eldorado produced approximately 529,000 ounces of gold and had proven and probable gold reserves of approximately 17.7 million ounces at Sept 30, 2020. Eldorado operates the largest gold mine in Turkey and is one of the largest foreign investors in Greece. The Company’s offices and operations employ over 4,500 people worldwide. Eldorado operates as a decentralized business unit with the majority of employees and management being nationals of the country where offices are located. Eldorado’s success to date is based on a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with the communities where it operates.

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