Eldorado Withdraws Proposal to Acquire Andean Resources (EGO)

Eldorado Gold Corporation EGO today announced that it has elected not to proceed with its proposal to acquire Andean Resources Limited. Paul Wright, President and Chief Executive Officer stated, "Our proposal has been met with broad support from the minority shareholders of Andean and our own shareholders. Extensive dissatisfaction exists among Andean shareholders as result of the Board of Andean choosing to focus on the agenda of a single large shareholder rather than the interests and desires of its broader shareholder registry..."