European Minerals Corporation
TSX : EPM
AIM : EUM

European Minerals Corporation

December 03, 2007 17:15 ET

European Minerals Private Placement of Common Shares

LONDON, ENGLAND--(Marketwire - Dec. 3, 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) - an international mineral exploration and development company focused on identifying, acquiring and developing resource projects, is pleased to announce that it has entered into an agreement with Canaccord Adams Limited (the "Agent") which has agreed to sell, by way of a private placement on a reasonable efforts basis, up to 19,531,250 common shares of the Company at a price of C$1.28 per share, for aggregate gross proceeds of up to C$25,000,000. Placees outside of North America will be permitted to pay for the shares in British Pounds Sterling, and for this purpose the equivalent price per share has been fixed at 62 pence per share. 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.

The financing is scheduled to close on or about 18 December, 2007 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals 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, 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
    CanaccordAdams 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