ELdorado Gold Corporation - Company Announcement.VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 24, 1998-- Eldorado Gold Eldorado Gold Corporation TSX: ELD is a Vancouver, British Columbia based company involved in the mining, exploration and development of gold properties in Brazil and Turkey. See also
Mr. Hugh Morris, Chairman, has assumed the roles of President and Chief Executive Officer on an interim basis. "It is with regret that the Company has accepted Mr. Barclay's resignation. Mr. Barclay's leadership has been instrumental in building the Company into a 180,000 ounce per year gold producer and a multinational Canadian based mining company. In light of Mr. Barclay's leaving and the continued need to build shareholder value, the Board of Directors has appointed a Board Committee to refine the future strategy for the Company", stated Mr. Morris. Speaking to the employees of the Company, Mr. Barclay commented, "This is the time for a new vision that will take Eldorado Gold Corporation to the next step in its evolution as a gold mining company. I believe my departure will allow the Board of Directors greater flexibility in developing the future strategy of the Company. I am proud of the Company's achievements during my tenure and that despite the difficulties currently facing the gold industry, Eldorado has shown its ability to adapt and succeed. Your Company is gifted with robust core assets, a strong operating team operating team Surgery The participants–surgeons, nurses, etc–in a sterile surgical procedure performed under general–less commonly, local anesthesia , talented management and a diligent, dedicated Board of Directors who will ensure a smooth transition. It has been a privilege to work with the Eldorado team and to have participated in the creation and growth of your Company over the past seven years." ON BEHALF OF ELDORADO GOLD CORPORATION "Hugh C. Morris" ---------------- Hugh C. Morris Chairman, President & C.E.O. Eldorado Gold Corporation's shares (Symbol: ELD) and warrants (Symbol: ELD.WT) trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. ("TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ") and the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). ("VSE See DOS/VSE. VSE - Virtual Storage Extended "). Neither the TSE nor the VSE have approved or disapproved the form or content of this release. Investor Relations Investor relations The process by which the corporation communicates with its investors. Contacts: Tel: 604/687-4018 and 888/ELD-8166 Fax: 604/687-4026 www.eldoradogold.com Suite 920 - 1055 West Hastings Street, Vancouver, British Columbia, Canada V6E 2E9 |
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