Looks like EGX will be owned by bunch of charlatins
Press Release Source: Eurasia Gold Corp.
Shareholders vote on Eurasia's proposed business acquisition set for January 11, 2006
Wednesday November 30, 9:31 am ET
TORONTO, Nov. 30 /CNW/ - Eurasia Gold Corp. (TSX-V:EGX - News; "Eurasia" or the "Company") announces that it mailed to its shareholders the information circular (the "Circular") and related documentation in connection with the annual and special meeting of shareholders of the Company scheduled to be held on January 11th, 2006 in Toronto, Canada for the purpose of considering and if appropriate approving the purchase by Eurasia of all of the outstanding shares of JSC Charaltyn ("Charaltyn"), a company with gold production in Kazakhstan. Shareholders of Eurasia will also be asked to approve, subject to completion of the acquisition of Charaltyn, a consolidation of the outstanding shares of Eurasia on the basis of one post-consolidation share for every ten pre- consolidation shares.
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Details of the Charaltyn transaction, as well as the operations of Charaltyn, are included in the Circular. A copy of the Circular and related documents have been filed on the web-site for the System for Electronic Document Analysis and Retrieval ("SEDAR") and will be available on SEDAR's website at www.sedar.com.
Eurasia is also pleased to announce it has entered into a definitive acquisition agreement with the shareholders of Charaltyn with respect to the proposed purchase of all of the outstanding shares of Charaltyn on the basis of one post-consolidation common share of Eurasia for every 21.2 shares of Charaltyn. Upon completion of the acquisition, there will be approximately 153,130,195 Eurasia shares outstanding, 92.27% of which will be held by former Charaltyn shareholders and 7.73% of which will be held by the existing Eurasia shareholders. Subject to the satisfaction of all conditions precedent, closing of the transaction is expected in January 2006.
