Lero Gold Corporation
TSX VENTURE : LER

Lero Gold Corporation

June 12, 2008 17:03 ET

Lero Gold Corp.: Shareholders Approve Transaction with European Minerals Corporation

LONDON, UNITED KINGDOM--(Marketwire - June 12, 2008) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN THE UK AND IN CANADA ONLY AND IS NOT INTENDED FOR PUBLICATION, RELEASE OR DISTRIBUTION IN OR INTO AUSTRALIA, JAPAN, SOUTH AFRICA, THE RUSSIAN FEDERATION, OR THE UNITED STATES OF AMERICA.

Lero Gold Corp. ("Lero") (TSX VENTURE:LER) is pleased to announce that its shareholders have unanimously approved the plan of arrangement transaction with European Minerals Corporation ("EMC") at Lero's reconvened shareholders' meeting held today. Accordingly, an application will be made on Friday, June 13, 2008 for a final order of the Supreme Court of British Columbia to approve the plan of arrangement and business combination with EMC, as required by the British Columbia Business Corporations Act. Subject to the issuance of the final court order, the arrangement transaction is scheduled to close on or about Wednesday, June 18, 2008.

ENDS

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company within the United States. The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws. Accordingly, the shares may not be offered or sold in the United States or to U.S. persons (as such terms are defined in Regulation S under the 1933 Act) unless registered under 1933 Act and applicable state securities laws or an exemption from such registration is available.

Notes to Editors:

1. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

2. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Lero Gold Corp.
    Dr Sergey V Kurzin
    Chairman
    +44 (0) 20 7514 0590
    or
    Lero Gold Corp.
    Dr Alexander Yakubchuk
    CEO
    +44 (0) 20 7514 0590
    or
    Lero Gold Corp.
    Gavin Dallas
    Marketing and PR
    +44 (0) 20 7514 0590
    Email: info@lerogold.com
    Website: www.lerogold.com
    or
    Vanguard Shareholder Solutions
    Keith Schaefer
    (604) 608-0824
    or
    Bankside Consultants
    Michael Padley / Michael Spriggs
    +44 (0) 20 7367 8888