Eldorado Gold Acquires European Goldfields

Eldorado Gold Corporation acquired European Goldfields Limited. The acquisition was effected by way of a plan of arrangement under the Yukon Business Corporations Act. Under the Arrangement, shareholders of European Goldfields received 0.85 Eldorado shares and $0.0001 in cash per European Goldfields share (the “Exchange Ratio”). Each outstanding option of European Goldfields was exchanged for options of Eldorado entitling the holder to receive Eldorado shares based upon the Exchange Ratio. The total transaction value was approximately $2.5 billion.

Eldorado was represented by Borden Ladner Gervais LLP in Canada with a team that included Fred Pletcher, Kent Kufeldt, Deepak Gill, Stephen Robertson and Robert Wallis (M&A); Steve Suarez and Randy Morphy (tax); and Jeffrey Thomas (competition). Dorsey & Whitney LLP acted as US counsel to Eldorado with a team including Kenneth Sam, James Guttman and Jodie Kaufman Davis (corporate). In Australia, Eldorado was represented by Freehills with a team including Tony Damian, Andrew Rich and Mark Nam (M&A). Eldorado was represented in the United Kingdom by Bond Pearce LLP with a team including Sebastian Briggs and Ian Holden (corporate). In Greece, Eldorado was represented by Bahas, Gramatidis & Partners with a team led by Nassos Felonis. In Romania, Eldorado was represented by Musat & Asociatii with a team that was led by Luminita Popa.

European Goldfields was represented in Canada and the United Kingdom by Stikeman Elliott LLP with a team that included Derek Linfield, Stewart Sutcliffe, Brian Pukier, Andrea Crum-Ewing, Katie McDonald, Greg Herget and Steven Bennett (M&A); John Lorito (tax) and Michael Kilby (competition).