Frontier agrees to higher bid from Eldorado

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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

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Frontier agrees to higher bid from Eldorado

posted on Jun 20, 2008 09:37PM

Frontier agrees to higher bid from Eldorado

Reuters

June 19, 2008

Frontier Pacific Mining Corp. has agreed to a sweetened bid from Eldorado Gold Corp., the companies said yesterday, paving the way for the takeover deal to proceed. In addition to the original offer of 0.122 Eldorado shares for each Frontier share - worth about $170-million at current prices - shareholders will also receive one exchange receipt per Frontier share, which entitles them to 0.008 of an Eldorado share. The exchange receipt is conditional on the Greek Joint Ministerial Council approving environmental terms for Frontier's Perama Hill gold project by July 1, 2009. Perama is Frontier's main asset. Factoring in the exchange receipt, Eldorado's offer values each Frontier share at $1.09, and the company at $179-million, according to Reuters data. FRP (TSXV) rose 3 cents to $1.03 and ELD (TSX) rose 9 cents to $8.56.

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