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To: coug who wrote (626)1/19/2006 5:05:04 PM
From: coug  Respond to of 3961
 
re: EGO

Just found this..People must like it. Big financing at roughly current prices. Maybe they will "discover" QEE too. :)

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To: Wade who wrote (2673) 1/19/2006 4:30:12 PM
From: Andrew of 2675

ELD.TO big financing.

Eldorado Gold Corp (C-ELD) - News Release
Eldorado Gold arranges $162-million financing

2006-01-19 16:05 ET - News Release
Shares issued 302,268,878
ELD Close 2006-01-18 C$ 5.29

Mr. Paul Wright reports

ELDORADO GOLD CORPORATION ANNOUNCES CDN$162 MILLION BOUGHT DEAL OF COMMON SHARES

Eldorado Gold Corp. has entered into a bought-deal agreement with a syndicate of underwriters led by Orion Securities Inc. Under the agreement, the syndicate will purchase 30 million common shares of the company at a price of $5.40 per common share for gross proceeds of $162-million. The company will grant the underwriters an option to purchase up to an additional 4.5 million common shares ($24.3-million), exercisable at the offering price for a period of 30 days from the closing date. The company expects to file a preliminary short form prospectus with the securities regulatory authorities to qualify the common shares for distribution on Jan. 23, 2006. The offering is expected to close on or about Feb. 7, 2006.

Net proceeds are to be used for acquisitions of late-stage development gold properties in China, continued development and exploration of the company's properties in Turkey and Brazil, other property acquisitions, and general corporate purposes.

The transaction is subject to the receipt of all necessary regulatory and stock exchange approvals.

The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United Sates or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the U.S.

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