| | Published : October 01st, 2012 | Mining Announces ISS and Glass Lewis Recommend in Favour of Avion Acquisition |
|
Article
|
Comments
|
Comment this article
|
Rating
|
♥
Follow Company
|
|
Re: News Releases - Monday, October 01, 2012 Title: Endeavour Mining Announces ISS and Glass Lewis Recommend in Favour of Avion Acquisition
Vancouver, October 1, 2012 -- Endeavour Mining Corporation ("Endeavour") (TSX:EDV, ASX:EVR, OTCQX:EDVMF) reported today that Institutional Shareholder Services, Inc. ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), two leading independent proxy firms have both recommended that Endeavour shareholders vote FOR the resolution approving the issuance of Endeavour shares in connection with the acquisition of Avion Gold Corporation ("Avion") (TSX:AVR, QTCQX: AVGCF).
ISS summarized their recommendation as follows: "in light of the strategic rationale, the low termination fee, and Endeavour's proven track record of transaction experience, a vote FOR the issuance of shares in connection with the acquisition of Avion Gold Corporation is warranted." Glass Lewis noted that "Financially, each of the analyses that we reviewed generally suggest that the proposed consideration is financially fair and reasonable to the Company and its shareholders."
Endeavour's board of directors have recommended that shareholders vote their proxy in favour of the resolution approving the issuance of Endeavour shares in connection with the acquisition of Avion. A special meeting of shareholders has been scheduled for 10:00 a.m. (Monaco time) on Friday, October 12, 2012.
All proxies must be received by 10:00 a.m. (Monaco time) on Wednesday, October 10, 2012. Endeavour's CDI holders must return their completed voting instruction form to CHESS Depositary Nominees Pty Ltd. by no later than October 9, 2012, at 10:00 a.m. (WST). This deadline has been set to allow CHESS sufficient time to collate the votes of CDI holders and submit them to Endeavour prior to the meeting.
Shareholders are encouraged to review the Management Information Circular dated September 10, 2012, which provides details concerning the acquisition together with detailed information concerning the resulting combined entity. An electronic copy of the circular is available on SEDAR at www.sedar.com and on the ASX website at www.asx.com.au and on Endeavour's website at www.endeavourmining.com/i/pdf/2012-09-10_InfoCirc.pdf.
The closing of the arrangement is subject to court approval, regulatory approval and other customary closing conditions. The arrangement is also subject to the approval of the Avion shareholders at a special meeting which has also been called for October 12, 2012.
Endeavour shareholders who have questions or require assistance voting your shares may contact Endeavour's proxy solicitation agents:
The Laurel Hill Advisory Group, by email at assistance@laurelhill.com or by telephone at 1-877-304-0211 (toll free within Canada or the U.S.) or +1 (416) 304-0211 (for collect calls outside of Canada and the U.S.)
Orient Capital Pty Ltd. in Australia by telephone at 1 800 882 147 or outside of Australia by telephone at +61 2 8280 7924 About ISS ISS Governance Services' experienced research team provides comprehensive analyses of proxy issues and complete vote recommendations for more than 40,000 meetings in over 100 worldwide markets. More than 200 analysts, fluent in 25 languages, cover every holding within a client's portfolio in both developed and emerging markets.
About Glass, Lewis & Co. Founded in 2003, Glass, Lewis & Co. is a leading U.S., independent, governance analysis and proxy voting firm, serving institutional investors globally that collectively manage more than US$15 trillion in assets.
About Endeavour Mining Corporation
Endeavour is a gold producer delivering growth. Endeavour owns two gold mines producing approximately 200,000 ounces per year in Ghana and Burkina Faso that are generating significant operating cash flows to fund exploration and development growth. In addition to upside potential at its current operations, Endeavour's third gold mine, Agbaou in C�te d'Ivoire, has entered the construction phase for an additional 100,000 ounces per year starting in Q1 2014. Endeavour has a strong financial base from which to invest in long-term operational growth, exploration to replace and increase reserves, and funding for acquisitions.
On August 7, 2012, Endeavour announced a definitive agreement to acquire Avion Gold (TSX:AVR) to become one of the largest West African gold mining companies with three producing mines, a fourth mine currently in construction, and an attractive pipeline of exploration and resource development properties. The Avion transaction is expected to close in October 2012.
Endeavour Mining Corporation is listed on the TSX (symbol EDV) and ASX (symbol EVR), and also trades on the OTCQX (symbol EDVMF).
On behalf of Endeavour Mining Corporation
Neil Woodyer Chief Executive Officer
This news release contains "forward-looking statements" including but not limited to, statements with respect to Endeavour's plans and operating performance, the estimation of mineral reserves and resources, the timing and amount of estimated future production, costs of future production, future capital expenditures, and the success of exploration activities. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" and "anticipates". Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which Endeavour operates. Although Endeavour has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Please refer to Endeavour's most recent Annual Information Form filed under its profile at www.sedar.com for further information respecting the risks affecting Endeavour and its business.
For additional information, contact:
Marla Gale Vice President -- Investor Relations +1 604 609 6117 mgale@endeavourmining.com
UK/Europe: Bobby Morse Buchanan +44 20 7466 5000 bobbym@buchanan.uk.com
Australia: David Ikin Professional Public Relations +61 8 9388 0944 david.ikin@ppr.com.au
Copyright � 2012 ENDEAVOUR MINING CORPORATION (EDR) All rights reserved. For more information visit our website at http://www.endeavourmining.com/ or send email to info@endeavourmining.com .. Message sent on Mon Oct 1, 2012 at 4:36:37 AM Pacific Time
|
Endeavour International Corporation
|
|
DEVELOPMENT STAGE |
CODE : END |
ISIN : US29259G2003 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Endeavour is a and oil development stage company based in United states of america. Endeavour develops natural gas in U.k., and holds various exploration projects in Norway. Its main asset in development is COLUMBUS in U.k. and its main exploration properties are NOATUN and ROCHELLE DISCOVERY in Norway. Endeavour is listed in United States of America. Its market capitalisation is US$ 7.3 millions as of today (€ 5.8 millions). Its stock quote reached its highest recent level on January 13, 2012 at US$ 9.99, and its lowest recent point on October 10, 2014 at US$ 0.15. Endeavour has 47 200 000 shares outstanding. |
In the News and Medias of Endeavour International Corporation |
Financings of Endeavour International Corporation |
Nominations of Endeavour International Corporation |
Financials of Endeavour International Corporation |
Project news of Endeavour International Corporation |
|
Corporate news of Endeavour International Corporation |
7/26/2016 | to Announce its Q2 Results on Thursday July 28, 2016 |
5/9/2016 | Announces Governance Changes |
2/26/2014 | Issues Statement Regarding Nomination Notice by Stockholders |
1/30/2014 | Mining Delivers 324,275 oz in 2013 and Forecasts 400,000 to ... |
1/27/2014 | Announces Closing of $255 Million Senior Secured First Lien ... |
1/6/2014 | Announces Intention to Refinance Revolving Credit Facility a... |
12/3/2013 | Mining Files Technical Report For Hound=E9 GoldProject Feasi... |
11/4/2013 | Mining to Release Q3 Results on November 12, 2013 |
10/28/2013 | Mining Closes Sale of Non-Core Finkolo JV and Receives $16 M... |
10/22/2013 | Announces Completion of Strategic Review, Organizational Cha... |
10/15/2013 | Mining Initiates Mining at Agbaou and Completes Power Line I... |
8/7/2013 | Mining To Release Q2 Results On August 14, 2013 |
7/24/2013 | Mining Increases And Extends Debt Facility To Strengthen Fin... |
7/18/2013 | Business Excellence features Endeavour Mining in July 2013 i... |
5/15/2013 | Mining Reports Q1 All-In Sustaining Margin Of $39 Million An... |
5/6/2013 | Mining to Release Q1 Results on May 14, 2013 |
4/30/2013 | Mining Sells Non-Core Rare Earths Shareholding For US$5.3M C... |
3/27/2013 | Mining Reports 2012 All-In Margin of $130 Million and Update... |
3/20/2013 | Mining To Release 2012 Year-End Results On March 28, 2013 |
3/13/2013 | Mining's Agbaou Construction Continues on Schedule |
3/12/2013 | Mining Files Hound=E9 PEA=2C Completes In-FillDrilling And ... |
1/22/2013 | Mining Announces Positive PEA for Hound=E9 GoldProject |
11/8/2012 | Mining To Release Q3 Results On November 14, 2012 |
10/12/2012 | Mining Shareholders Approve Avion Acquisition to Grow Gold P... |
8/27/2012 | Receives Encouraging Drill Results from PEA-Stage Ouar=E9 Pr... |
8/27/2012 | Bids for Avion |
8/15/2012 | Mining Granted Mining Permit for Agbaou Gold Project |
8/8/2012 | MINING TO ACQUIRE AVION GOLD |
8/8/2012 | Mining Reports Strong Q2, with Cash Flow of $47.6 Million fr... |
8/3/2012 | Mining Q2 Webcast Moved To August 9 |
8/1/2012 | Mining to Release Q2 Results on August 7 |
6/28/2012 | Completes Ouar=E9 Drilling and Commences Resource Update for... |
6/21/2012 | Mining in Gold Newsletter |
6/1/2012 | Digs Deeper, Brings Strong Gold Results from Youga |
5/28/2012 | Positive Drilling Results from Endeavour's Youga Gold Mine |
5/4/2012 | Mining To Release Q1 Results On May 8th, 2012 |
5/2/2012 | Expands Nzema Sulphide Program |
4/30/2012 | Strong drilling results from Endeavour Mining's Youga Gold M... |
4/19/2012 | Buy Recommendation for Endeavour Mining |
4/2/2012 | Mining Commences Trading in the U.S. on OTCQX International |
3/26/2012 | Mining Corp. on the Way Up with 3 Mines and 3 Triangles |
3/22/2012 | Five Things to Love About Endeavour Mining |
3/8/2012 | Mining to Release Year End Results on March 13, 2012 |
3/7/2012 | VIDEO CORRECTION - Endeavour Mining CEO on BNN |
3/7/2012 | Mining CEO on BNN |
3/4/2012 | Mining Completes Salman Village Resettlement In Ghana |
2/2/2012 | Mining Meets 2011 Gold Production Targets |
1/30/2012 | Mining Reports Q4 and Full Year 2011 Gold Production and 201... |
1/30/2012 | Mining Reports Q4 and Full Year 2011 Gold Production |
1/27/2012 | Mining in Globe and Mail |
1/10/2012 | Mining in Gold Newsletter |
11/29/2011 | Mining Closeout Of Youga Gold Hedge Book |
11/28/2011 | Mining on BNN's Market Call |
11/25/2011 | Mining Shareholders Approve Merger With Adamus |
10/13/2011 | Mining Reports Closing of Sale of Non-Core Diamond Assets an... |
10/13/2011 | Mining Reports Closing Of Sale Of Non-Core Diamond Assets |
9/20/2011 | Mining In Gold Newsletter |
9/19/2011 | Mining Reports Positive Exploration Results at Youga Includi... |
9/8/2011 | Mining in Winston's Growth Stock Report |
8/31/2011 | Two West African Gold Producers Merge - Endeavour Mining |
8/26/2011 | MD/CEO Mark Connelly discusses Adamus' Merger of Equals with... |
8/25/2011 | Mining To Merge With Adamus |
8/18/2011 | Junior Gold Producers Rising to the Occasion - Endeavour Min... |
8/15/2011 | Mining's Profit Rises on Higher Gold Output, Prices |
8/11/2011 | Mining Corp. is Moving Toward Mid Tier Gold Producer Status |
8/8/2011 | Mining - A Deep Discounted Emerging Gold Producer |
8/4/2011 | Mining To Release Second Quarter 2011 Results On August 10, ... |
6/10/2011 | to Release First Quarter 2011 Results on June 13, 2011 |
6/28/2010 | ANNOUNCES SIGNING OF $100 MILLION ACQUISITION FACILITY WITH... |
6/11/2010 | and Severstal Find Synergy In Crew Gold: MineralSTOX |
6/2/2010 | Severstal & Endeavour Reach Agreement for Building Value in ... |
10/14/2009 | Appointed as Project Finance Advisor |
2/23/2009 | Financing Highlights Investors Moving into Gold - Midas Lett... |
1/19/2009 | DECLARES MONTHLY DIVIDEND FOR JANUARY 2009 |
12/17/2008 | DECLARES MONTHLY DIVIDEND FOR DECEMBER 2008 |
11/3/2008 | to Release Q1 Results November 12, 2008 |
9/4/2008 | REPORTS NET INCOME OF US$56.5 MILLION FOR YEAR ENDED JUNE 30... |
8/12/2008 | Declares Monthly Dividend for August 2008 |
7/14/2008 | Declares Monthly Dividend for July 2008 |
5/12/2008 | DECLARES MONTHLY DIVIDEND FOR MAY 2008 |
4/12/2008 | Declares Monthly Dividend for April 2008 |
3/13/2008 | Declares Monthly Dividend for March 2008 |
5/24/2007 | Acquires Remaining 49% Interest In Guanacevi Mines Project, ... |
5/2/2007 | Closes Acquisition of Bolanitos Exploitation Contracts; Ann... |
|
|