VANCOUVER, BRITISH COLUMBIA(Commodity Online): Eldorado Gold Corporation) (TSX:ELD) (NYSE Amex: EGO)has announced the closing of its acquisition of 57,968,029 shares in the capital of Sino Gold Mining Limited, pursuant to a Share Purchase and Sale Agreement concluded in June this year as amended on July 10, 2009, with Gold Fields Australasia (BVI) Limited.

Following completion of the transaction, Eldorado holds directly 57,968,029 Sino Gold Shares, which represent 19.83% of the issued and outstanding shares of Sino Gold. Eldorado acquired the Sino Gold Shares for investment purposes and may acquire further shares of Sino Gold or dispose of some or all of its shares of Sino Gold as conditions warrant.
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Under the terms of the Share Purchase Agreement, Gold Fields acquired 27,824,654 common shares of Eldorado as consideration for the Sino Gold Shares. These Eldorado common shares were qualified by a prospectus (the "Prospectus") dated July 20, 2009, filed in Ontario and British Columbia, and are not subject any statutory hold period.

Sino Gold is an Australian public company focused on the exploration and production of gold in China and is listed on the Australian Securities Exchange and Hong Kong Stock Exchange. It has two operating mines, Jinfeng and White Mountain.