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Stock impact report

Varvara Development Group Completes Private Placement [Yahoo! Finance]

Eldorado Gold Corporation Ordinary Shares (EGO) 
Last eldorado gold corporation ordinary shares earnings: 4/30 05:09 pm Check Earnings Report
US:NYSE Investor Relations: eldoradogold.com/investors/default.aspx
Company Research Source: Yahoo! Finance
to announce that it has successfully completed a non-brokered private placement of 2,740,236 common shares of the Company (each, a " Common Share ") at a price of C$5.46 per Common Share for aggregate gross proceeds of approximately C$15 million (the " Offering Varvara Development Group Ltd. (CNW Group/Varvara Development Group Ltd.) The Company intends to use the net proceeds from the Offering for general working capital purposes and general and administrative expenses. No finders' fees were paid in connection with the Offering. Securities issued to subscribers in connection with the Offering are subject to a hold period of four months and one day pursuant to applicable Canadian securities legislation, as well as contractual resale restrictions which restrict sales of the Common Shares until the completion of certain corporate milestones. Related Party Considerations The Offering constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 – Show less Read more
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