Eurogold-Allied Properties failed in their plans to sell the...

Eurogold-Allied Properties failed in their plans to sell
the shares of Dragon mostly to other shareholders of EUG.
The issue was performed in order to pay high interest loan of Eurogold
to Allied Properties, and apparently as a partial exit attempt by
Allied-Eurogold including the same directors

If Allied marked its part (close to 40 %) in the regular issue, it may have been
forced to buy practically all of the shares.

Looking forward to Dragon's flagging announcements, which are still lacking.

Eurogold has made exit, allied has come in. Should EUG nominated
directors be changed, on the other hand they are Allied directors, too.

The game does not indicate lots of interest to Dragon by the major shareholder...

http://www.asx.com.au/asxpdf/20141002/pdf/42smqtwt5gw5mh.pdf







Dragon shares were purchased
by
existing s
hareholders
under the Offer
Resources Limited ("Allied")
Eurogold Limited (ASX:EUG) (“the Company" or "Eurogold") is pleased to announce that the
sale of
its 24.33% stake in Dragon Mining Limited (“Dragon”)
by way of a pro
-
rata offer to its
shareholders (“Offer”) is now complete and the Dragon
shares will be tra
nsferred
to participating
sale of
its 24.33% stake in Dragon Mining Limited (“Dragon”)
by way of a pro
-
rata offer to its
shareholders (“Offer”) is now complete and the Dragon
shares will be tra
nsferred
to participating
s
hareholder
s on Thursday, 2 October 2014.
A total of 8,475,741
Dragon shares were purchased
by
existing s
hareholders
under the Offer
with the balance of 13,147,929
shares being purchased by the u
nderwriter, Allied Properties
Resources Limited ("Allied")
.