Eldorado gold announces c$81.5 million strategic investment by the european bank for reconstruction and development (ebrd) and concurrent c$135 million bought deal financing

Vancouver, british columbia, may 30, 2023 (globe newswire) -- eldorado gold corporation (“eldorado” or the “company”) is pleased to announce it has entered into agreements with respect to a c$81.5 million strategic investment in eldorado by the european bank for reconstruction and development (the "ebrd"). the investment is to be effected by way of a private placement whereby the ebrd will subscribe for 6,269,231 shares at a price of c$13.00 per share. (the “private placement”). the proceeds of the private placement will be invested in the skouries project in northern greece, and will be credited against the company's 20% equity funding commitment per the terms of the project financing facility that closed on april 5, 2023.
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