Filed by Eldorado Gold Corporation
Pursuant to Rule 425 under the United States Securities Act of 1933, as amended
Subject Company: Frontier Pacific Mining Corporation
Commission File No.: 132-02644
Date: May 12, 2008
News Releases |
May 9, 2008
Frontier Pacific Responds to Unsolicited Takeover Bid and Recommends to Shareholders NO ACTION BE TAKEN
Vancouver, British Columbia - May 9, 2008 - Frontier Pacific Mining Corporation (Frontier Pacific or the Company) (TSX-V:FRP) has been advised that on May 9, 2008, Eldorado Gold Corporation (Eldorado) formally commenced an unsolicited offer to purchase all of the outstanding common shares of the Company, other than those already owned by Eldorado.
To assist the Frontier Pacific board of directors in fulfilling its fiduciary duties, a special committee of independent directors (Special Committee) consisting of Victor Bradley (Chair), Ross McDonald and Dr. Stewart Blusson has been formed. Thomas Weisel Partners has been engaged to provide independent financial advice regarding the Eldorado bid and the Company's strategic alternatives. The Special Committee has retained Georgeson to assist it in its communications with Frontier Pacific shareholders. Legal counsel for Frontier Pacific is Blake, Cassels and Graydon LLP.
The Eldorado offer will remain open until June 17, 2008. Accordingly, Frontier Pacific will carefully review and consider the Eldorado bid with the assistance of its independent advisors. The board of directors will issue a response in which the board will provide its recommendation to shareholders regarding the Eldorado bid. Frontier Pacific shareholders are urged NOT TO TAKE ANY ACTION in relation to the Eldorado offer until the board has had the opportunity to fully evaluate the offer. The board of directors of Frontier Pacific will make a formal recommendation to its shareholders on or before May 26, 2008.
In the meantime, for further information and/or questions please contact:
Thomas Weisel Partners
Attention: John Jentz
70 York St., 10th Floor
Toronto, ON M5J 1S9
Direct +1.416.815.1549
Fax +1.416.815.1808
Email jjentz@tweisel.com
GEORGESON
100 University Avenue
11th Floor, South Tower
Toronto, Ontario
M5J 2Y1
North American Toll Free: +1.866.374.9879
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the contents herein.
FRONTIER PACIFIC MINING CORPORATION
Suite 875, 555 Burrard St., Bentall Two Centre
Vancouver, British Columbia
Tel: 1 (604) 717-6488
Fax: 1 (604) 717-6427
Email: info@frontierpacific.com
Website: www.frontierpacific.com
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