Institutional Shareholder Services has recommended that Eldorado Gold Corporation (NYSE American: EGO) shareholders vote in favor of the proposed arrangement with Foran Mining Corporation, the company announced.

Under the arrangement, Eldorado will acquire all outstanding Foran common shares. Each Foran shareholder will receive 0.1128 of an Eldorado share and CAD$0.01 in cash for each Foran share held, subject to fractional share adjustments. Upon completion, Foran will become a wholly-owned subsidiary of Eldorado.

Eldorado's board of directors unanimously recommends shareholders vote for the share issuance resolution. The company's special meeting to consider the resolution is scheduled for April 7, 2026, at 10:00 a.m. Vancouver time at Blake, Cassels & Graydon LLP offices.

"We are pleased that ISS has recognized the merits of this transaction and the disciplined, value-focused rationale supporting it," said George Burns, chief executive officer.

The proxy voting deadline is April 2, 2026, at 10:00 a.m. Vancouver time. Shareholders requiring voting assistance can contact Laurel Hill Advisory Group at [email protected] or by calling 1-877-452-7184.

Eldorado operates gold and base metals mining, development and exploration operations in Canada, Greece and Turkey. The company's shares trade on the Toronto Stock Exchange and NYSE American.