EURO RESSOURCES 
By EURO Ressources S.A. (TSX: EUR)(Paris: EUR) today announced that it has now received notification from BNP Paribas of the results of the rights issue of Common Shares in the Company.
BNP Paribas advise that they have received applications for subscription from shareholders for 84.8% of the rights issued and additional applications by way of over-allotment from shareholders for a further 42.6%. These applications total 127.4% of the available rights. Accordingly the rights issue will be fully subscribed without recourse to the underwriting commitments from Macquarie Bank Limited and Golden Star Resources Ltd.
The Company will issue a further press release on formal confirmation by BNP Paribas of the proportion of over-allotments that will be accepted, expected on November 14, 2007.
About EURO
EURO is a French company, presently focused on acquiring and holding mineral royalties and similar interests on operating gold mines. Additionally, EURO continues to hold certain exploration and development mineral rights, principally gold, in French Guiana, which are the subject of joint venture arrangements. EURO has approximately 50.5 million shares outstanding.
Statements Regarding Forward-Looking Information: Some statements contained in this news release are forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. Such statements include comments regarding the Company's intentions regarding the acquisition of other corporations and additional royalty or mineral interests as well as the operations and results of the Rosebel gold mine. There can be no assurance that future developments affecting the Company or the Rosebel gold mine 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. Further requests for information should be addressed to:
James H. Dunnett,
Directeur-Général |
Susanne A. Hermans |
EURO Ressources S.A.
James H. Dunnett, +1-604-710-2242
Directeur-Général
jhdunnett@aol.com
or
Susanne
A. Hermans, +1-303-204-7771
Vice-President Finance
shermans@euroressources.net
