Eldorado Gold Corporation

The Australian shares opened higher on Thursday after the better-than-expected economic data in the euro zone inspired the US and Europe markets. Asian stocks in early trade were broadly up on the good offshore leads. Australia's S&P/ASX200 index climbed over 0.9 per cent at opening.

The Australian shares went into a panic selling at opening after the freefall in Wall Street overnight. The benchmark S&P/ASX200 index fell nearly 2.9 per cent in early trade. With the sharp falls, the market so far has lost more than 7.5 per cent for the week, its worst performance in more than 18 months.

Conquest Mining Limited (ASX:CQT) (PINK:CQMLF) is pleased to announce that the Company has received encouraging metallurgical results from recent flotation testwork at its Silver Hill project in northern Queensland.

The Board of Conquest Mining Limited (ASX:CQT) (PINK:CQMLF) is pleased to announce that Mr Jake Klein has accepted the position of Executive Chairman of the Company. Mr Nicholas Curtis and Mr James (Jim) Askew will also be appointed to the Board as Non Executive Directors. The appointments are subject to shareholder approval and will take effect on the date of an Extraordinary General Meeting (EGM) to be called as soon as practicable.

US shares rebounded on Monday after a losing week hit by a series of disappointing economic reports. The market gained as Goldman Sachs recommended large banks and a report showed service industries returned to growth after 11 months of contraction.

Canada's Eldorado Gold (TSE:ELD) plans to make a scrip takeover bid of Australia based Sino Gold (HKG:1862)(ASX:SGX), offering 0.55 of its shares for each Sino Gold share, valuing China-focused gold miner at A$2.2 billion.

US stocks closed nearly unchanged Wednesday despite a stronger than expected increase of new home sales and a jump in durable goods orders. The market responded to the positive data with a shrug, as investors remained cautious and took their profits after rallies.