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Name | Symbol | Market | Type |
---|---|---|---|
First Trust AlphaDEX ETF | TSX:EUR | Toronto | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 22.59 | 22.50 | 22.67 | 0 | 01:00:00 |
Since there are no more restrictions on EURO's cash, the Board of Directors proposed a distribution of issuance premium in the amount of EUR 0.28 per common share payable on May 25, 2010. The issuance premium relates to the paid-in-capital paid by shareholders anytime there was an increase of capital of EURO, minus the par value. This distribution is tax free for all shareholders. The amount of the proposed distribution of issuance premium represents the accumulation of excess cash. The distribution of issuance premium will be subject to shareholder approval and any future distributions of issuance premium will be proposed by the Board of Directors after taking into account various factors, including the company's operating results, financial condition, current and anticipated cash needs, and will be subject to shareholder approval.
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. Since the 17th of December 2008, EURO is a majority owned subsidiary of IAMGOLD. IAMGOLD owns today directly and indirectly approximately 86% of EURO.
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, including reference to future issuance premium payments as may be determined by the directors 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 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:
Larry E. Phillips
Directeur-Général
Tel:+1 4163604710
Email : phillips@euroressources.net
Susanne A. Hermans
Vice-President Finance
Tel: +1 303 204 7771
Email : shermans@euroressources.net
This information is provided by HUGIN
Larry E. Phillips Directeur-Général Tel:+1 4163604710 Email : Email Contact Susanne A. Hermans Vice-President Finance Tel: +1 303 204 7771 Email : Email Contact
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