UPDATE 1-Eldorado Gold to sell C$275 mln in stock

(In U.S. dollars, unless noted)

TORONTO, Feb 23 (Reuters) - Eldorado Gold (ELD.TO) said on Monday it plans to sell about C$275 million ($220 million) in stock, becoming the latest gold producer to take advantage of high gold prices to raise funds.

Vancouver, British Columbia-based Eldorado said it intends to make a public offering of shares, and use the proceeds for acquisitions, development and working capital requirements.

It said the number of shares to be issued will be determined at the time of pricing. The offer will be underwritten by Macquarie Capital Markets, and should close on March 16.

Gold prices popped above $1,000 an ounce late last week and were holding just below that benchmark on Monday. The metal hit a record of $1,030 an ounce last March.

Miners such as Kinross Gold (K.TO), Yamana Gold (YRI.TO), Agnico-Eagle (AEM.TO) and Osisko Mining (OSK.TO) have all issued equity of late, and others are expected to follow their lead.

Eldorado's shares rose 2.8 percent to C$11.58 on the Toronto Stock Exchange on Monday. The stock issue was announced after markets closed.

($1=$1.25 Canadian) (Reporting by Cameron French; Editing by Peter Galloway)