European Minerals Corporation

European Minerals Corporation

March 01, 2005 15:42 ET

Preliminary Prospectus Filed for Sale of Units of European Minerals Corporation


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: EUROPEAN MINERALS CORPORATION

TSX SYMBOL: EPM
LSE SYMBOL: EUM

MARCH 1, 2005 - 15:42 ET

Preliminary Prospectus Filed for Sale of Units of
European Minerals Corporation

LONDON, ENGLAND--(CCNMatthews - March 1, 2005) - Not for Distribution to
U.S. Newswire Services or for Distribution in the United States

European Minerals Corporation ("EMC" or the "Company")(TSX:EPM)(LONDON
AIM:EUM) announced that a receipt has been received for a preliminary
long form prospectus filed today relating to an offering of units of the
Company. Each unit will be comprised of one common share in the capital
of EMC and one-half of one common share purchase warrant. Each whole
common share purchase warrant will entitle the holder to acquire one
common share for a period of five years following the closing of the
offering. The units will be offered for sale in the Canadian provinces
of British Columbia, Alberta and Ontario and certain jurisdictions in
Europe by a syndicate of agents led by Canaccord Capital Corporation. In
addition, the lead agent has the option, for a period of 60 days from
the date of closing of the offering, to purchase up to 15% of the number
of units sold pursuant to the offering for purposes of stabilizing the
market for EMC's securities and to cover the lead agent's
over-allotments.

The securities offered have not been, and will not be, registered under
the United States Securities Act of 1933, as amended, or any state
securities laws, and, except pursuant to an applicable exemption from
registration requirements, may not be offered, sold or delivered,
directly or indirectly, in the United States of America or its
territories or possessions or to or for the account or benefit of any
U.S. person. This press release does not constitute an offer to sell or
solicitation of an offer to buy any of the securities nor shall there be
any sale of the securities in any state in which such offer,
solicitation or sale would be unlawful.

EMC has also called a special meeting of shareholders to be held on
March 30, 2005 for the purpose of obtaining shareholder approval for a
proposed continuance (or change of jurisdiction of incorporation) of EMC
from the Yukon Territory, Canada to the British Virgin Islands (the
"Continuance"). It is a condition of completion of the Continuance and
of the closing of the offering that shareholders holding more than 5% of
the total number of issued and outstanding common shares of EMC shall
not have dissented in respect of the Continuance. A circular relating to
the Continuance is expected to be dispatched to shareholders shortly.

About EMC

European Minerals Corporation is a junior natural resource company
principally engaged in the development of the 86%-owned Varvarinskoye
gold-copper deposit in Kazakhstan.

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

The Company's public documentation is available on www.sedar.com.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    European Minerals Corporation
    United Kingdom
    Anthony J. Williams/Bert Kennedy
    Chairman/President and CEO
    +44 (0) 20 7529 7508
    or
    European Minerals Corporation
    Graham Potts
    Corporate Secretary
    +44 (0) 20 7529 7508
    or
    Vanguard Shareholder Solutions Inc.
    North America: Keith Schaefer
    (604) 608-0824
    ir@vanguardsolutions.ca
    or
    Gresham PR Ltd.
    Neil Boom/Jenny Leahy
    +44 (0) 20 7404 9000