European Minerals Corporation
TSX : EPM
AIM : EUM

European Minerals Corporation

December 04, 2007 10:40 ET

European Minerals Corporation: Completion of Marketing of Private Placement

LONDON, UNITED KINGDOM--(Marketwire - Dec. 4, 2007) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

European Minerals Corporation ("EMC" or the "Company") - (TSX:EPM)(AIM:EUM) - is pleased to announce the completion of the marketing of its previously announced private placement. Canaccord Adams Limited, the Agent to the placement, holds orders for a total of 17,496,875 common shares of the Company at a price of C$1.28 per share (62 pence per share), for aggregate gross proceeds of C$22,396,000 (Pounds Sterling 10,848,063). The Company plans to use the net proceeds of this financing to fund advancement of the Company's mineral projects and for general corporate purposes.

Closing of the placement is subject to the execution and delivery of standard documentation and satisfaction of certain conditions including, but not limited to, receipt of all necessary approvals including, but not limited to, the approval of the Toronto Stock Exchange.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Forward-Looking Statements

The foregoing information may contain forward-looking statements relating to the future performance of the Company. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, including the failure to close, or a delay in the closing of, the placement, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions.

Contact Information

  • Investor Information:
    European Minerals Corporation - United Kingdom
    Tony Williams
    Chairman
    +44 (0) 20 7529 7508
    or
    European Minerals Corporation
    Bert Kennedy
    President & CEO
    +44 (0) 20 7529 7508
    or
    Canaccord Adams Limited
    Mike Jones/Robin Birchall
    +44 (0) 20 7050 6500
    or
    North America
    Vanguard Shareholder Solutions Inc.
    Keith Schaefer
    1-866-448-0780
    Email: ir@vanguardsolutions.ca