EURO Ressources : EURO RESSOURCES ANNOUNCES DATE OF ORDINARY ANNUAL SHAREHOLDERS' MEETING AND A TAX FREE DISTRIBUTION OF PART OF
10 April 2010 - 8:19AM
Marketwired
EURO Ressources S.A. (Paris: EUR) today announced that its Ordinary
Annual Shareholder's Meeting ("AGM") will be held in Paris on May
17, 2010 at 10:00 a.m. The documents relating to the AGM will be
sent to all registered shareholders no later than April 23, 2010.
Since there are no more restrictions on EURO's cash, the Board
of Directors proposed a distribution of issuance premium in the
amount of EUR 0.28 per common share payable on May 25, 2010. The
issuance premium relates to the paid-in-capital paid by
shareholders anytime there was an increase of capital of EURO,
minus the par value. This distribution is tax free for all
shareholders. The amount of the proposed distribution of issuance
premium represents the accumulation of excess cash. The
distribution of issuance premium will be subject to shareholder
approval and any future distributions of issuance premium will be
proposed by the Board of Directors after taking into account
various factors, including the company's operating results,
financial condition, current and anticipated cash needs, and will
be subject to shareholder approval.
About EURO
EURO is a French company whose principal asset is the Rosebel
Royalty on gold production at the Rosebel mine operated by IAMGOLD
Corporation ("IAMGOLD"). EURO has approximately 62.5 million shares
outstanding. Since the 17th of December 2008, EURO is a majority
owned subsidiary of IAMGOLD. IAMGOLD owns today directly and
indirectly approximately 86% of EURO.
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, including reference to
future issuance premium payments as may be determined by the
directors 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 on SEDAR at www.sedar.com. Further requests for
information should be addressed to:
Larry E. Phillips
Directeur-Général
Tel:+1 4163604710
Email : phillips@euroressources.net
Susanne A. Hermans
Vice-President Finance
Tel: +1 303 204 7771
Email : shermans@euroressources.net
This information is provided by HUGIN
Larry E. Phillips Directeur-Général Tel:+1 4163604710 Email :
Email Contact Susanne A. Hermans Vice-President Finance Tel: +1 303
204 7771 Email : Email Contact
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