 In 2000 Frank Timiș bought 15% of European Goldfields (EGU.L), a Yukon-incorporated company listed in Toronto and on AIM that owns 95% of Hellas Gold S.A. 21% of that stake was acquired by EGU from Timiș himself in 2004 for $77.3m, paid a third in cash and two-thirds in EGU shares, taking his stake to 18.9%.Hellas has three mining projects in Greece (Stratoni, Skouries and Olympias) and two companies in Romania