SOURCE: EURO Ressources

September 16, 2008 16:07 ET

EURO Ressources : REGULATORY REVIEW OF PROPOSED IAMGOLD OFFER

PARIS--(Marketwire - September 16, 2008) - EURO Ressources S.A. (TSX: EUR) (Paris: EUR). EURO has shareholders in North America who may be unfamiliar with French takeover requirements. In order to avoid any misunderstanding, please note that under French takeover rules, the draft Offer filed with the AMF on August 29, 2008 by Société Générale acting on behalf of IAMGOLD, including its indicative timetable, is subject to review by the AMF.

The review by the AMF is still in process. EURO is not in a position to advise when the conformity decision may be issued and whether the timetable set out in IAMGOLD's draft proposal will be met. The AMF will publish on its website its conformity decision (déclaration de conformité) relating to the Offer which will include the grounds for the decision after having verified conformity of the Offer with applicable legal and regulatory requirements. Such conformity decision will constitute approval (visa) for the IAMGOLD Offer.

Management continues the process of evaluating the Company's response to IAMGOLD's proposed Offer and to consider alternative transactions. Shareholders are advised to await the Board's formal recommendation before taking any action in respect to their shares in EURO, which will be communicated to shareholders after the AMF has approved the IAMGOLD Offer.

About EURO

EURO is a French company, focused on owning royalties and similar interests on operating gold mines. EURO also holds certain gold mineral rights in French Guiana including Paul Isnard which comprises 8 concessions and a PER over 140 sq. km.

EURO has approximately 60.6 million shares outstanding.

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 and uncertainties. Such statements include comments regarding the Company's intentions with respect to IAMGOLD Corporation. 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 www.sedar.com Further requests for information should be addressed to:

Contact Information

  • James H. Dunnett
    Directeur-Général
    Tél.: +1 604 710 2242
    Email : Email Contact

    Susanne A. Hermans
    Vice-President Finance
    Tél.: +1 303 204 7771
    Email : Email Contact

    This information is provided by HUGIN