EURO Ressources : EURO RESSOURCES PUTS IN PLACE A SHARE REPURCHASE PLAN

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| Source: EURO Ressources

Paris, France, Dec. 3, 2013 (GLOBE NEWSWIRE) -- EURO RESSOURCES PUTS IN PLACE A SHARE REPURCHASE PLAN

PARIS, France, December 3, 2013: EURO Ressources S.A. ("EURO" or the "Company") announced today that it has put in place a share repurchase plan of its own shares.

Description of the share repurchase plan

In accordance with the article 241-2, of the general regulation of the Autorité des Marchés Financiers (AMF), the document herewith finalizes the Company's objectives and description of the share repurchase plan of its own shares.  This share repurchase plan was submitted and approved by the Combined General Meeting of June 25, 2013. Notice of meeting serving as notice of attendance was published in the BALO (« Bulletin des Annonces Légales Obligatoires ») on May 20, 2013, notice of attendance was published in the newspaper "Le Publicateur Legal" on June 10, 2013.

Date of the shareholders meeting authorizing the plan

June 25, 2013

Date of the board meeting utilizing the delegation given to them

October 30, 2013

Treasury stock held as at October 30, 2013

None

Objective of the share repurchase plan

In accordance with Regulation (EC) n° 2273/2003 of the European Commission of December 22, 2003 and market practices accepted by the AMF, the objectives of the share repurchase plan submitted for approval at the shareholders' meeting of June 25, 2013 are as follows:

  1. to cancel, totally or partially, subject that this General Assembly, acting on an extraordinary basis, allowing the  Board to reduce the share capital by cancellation of shares acquired under a share repurchase plan; or
  2. more generally, to carry out any operation relating to the hedging of transactions and any other operations admitted, or which would be authorized by the regulations in force. 

Description of the share repurchase plan 

The acquisition, disposal or transfer of these shares may be achieved by any means on the market or over the counter, including block trades (without limit).

The maximum share capital, maximum number of shares and characteristics of the shares that the Company proposes to repurchase and maximum price

Share repurchase plan approved by the Combined General Meeting of June 25, 2013
Characteristics of the shares Maximum share capital Maximum number of shares Maximum price  (per share)
Ordinary shares 5 % 3,124,823 3.50 €

Length of share repurchase plan

18 months, from the date of the Combined General Meeting of June 25, 2013, until December 24, 2014.

This publication is available on the Company's website (www.euroressources.fr).

About EURO

EURO is a French company whose principal asset is the Rosebel Royalty on gold production at the Rosebel mine operated by IAMGOLD Corporation ("IAMGOLD").  EURO has approximately 62.5 million shares outstanding. IAMGOLD France S.A.S., an indirect wholly owned subsidiary of IAMGOLD, owns today approximately 86% of all outstanding shares.

Statements Regarding Forward-Looking Information:   Some statements in this news release are forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties.   There can be no assurance that future developments affecting the Company 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 United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to a U.S. person absent registration, or an applicable exemption from the registration requirements of, the Securities Act.

Additional information relating to EURO Ressources S.A. is available on SEDAR at www.sedar.com.  Further requests for information should be addressed to:

Benjamin Little 
Directeur-Général
Tel:       +1 416 933 4954
Email:   blittle@euroressources.net
  
Line Lacroix
Directeur-Général Délégué
Manager Finance
Tel:       +1 450 677 2056

Email : llacroix@euroressources.net

EURO RESSOURCES PUTS IN PLACE A SHARE REPURCHASE PLAN http://hugin.info/143433/R/1747563/588421.pdf

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