20.4 C
Belgrade
Supported byspot_img
spot_img

Eldorado Gold Announces Closing of C$81.5 Million Strategic Investment by the European Bank for Reconstruction and Development (EBRD)

Member of Europium Groupspot_img
Supported byspot_img

Eldorado Gold Corporation 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.

About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkiye, Canada and Greece. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

Supported by

About EBRD

The European Bank for Reconstruction and Development was established in 1991 to help build a new, post-Cold War era in Central and Eastern Europe. It has since played a historic role and gained unique expertise in fostering change in the region – and beyond – investing €170 billion in more than 6,400 projects. The EBRD is committed to furthering progress towards ‘market-oriented economies and the promotion of private and entrepreneurial initiative’.

 

Source: Eldorado Gold

Supported byElevatePR Digital

Related News

IEA analysis calls for greater investment despite 2023 drop in clean energy mineral prices

Prices for key minerals used in clean energy technologies fell in 2023 as supply outpaced demand, easing pressure on the market. However, a new...

Europe must boost investment to secure raw materials for EV production

Europe's reliance on importing the majority of raw materials for electric vehicle (EV) production is proving increasingly unsustainable, leaving its economy vulnerable. This week,...

Exploring the strategic implications: Graphite and the European Union’s Critical Raw Materials Act

The European Commission's Critical Raw Materials Act (CRMA) has retained battery-grade graphite on its list of strategic raw materials in its final version, reflecting...

Heraeus Remloy’s innovative approach: Recycling magnets for a sustainable future

As demand for magnets, particularly those made from rare earths like neodymium, continues to soar across various industries, the need for sustainable production methods...
Supported by
Supported by
Supported by
error: Content is protected !!