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Etruscan Resources Inc.

Publié le 28 juin 2010

Endeavour to acquire 45% minority interest with premium cash and share offer to own 100%

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Halifax, Nova Scotia and George Town, Grand Cayman, June 28, 2010 - Etruscan Resources Inc. (?Etruscan?, TSX:EET) and Endeavour Financial Corporation (?Endeavour?, TSX:EDV) are pleased to announce that they have entered into a definitive arrangement agreement by which Endeavour will acquire all of the shares of Etruscan that Endeavour does not already own.  Endeavour currently owns 55% of Etruscan and will acquire the remaining 45% of Etruscan via a court-approved plan of arrangement (the ?Arrangement?). 

Under the Arrangement, Etruscan shareholders will receive total consideration of C$0.48 per Etruscan share comprised of C$0.26 in cash plus 0.0932 of an Endeavour share, representing a premium of 33% using the 20-day volume weighted average prices of Endeavour and Etruscan on the TSX for the 20 trading day period ending June 25, 2010.

The cash component of this transaction will utilize approximately C$43 million of Endeavour?s US$100 million revolving Acquisition Facility announced on June 25, 2010.

 

Click to download complete press release

For more information visit our website at http://www.etruscan.com/



Etruscan Resources Inc.
Suite 306, Royal Bank Building
1597 Bedford Highway
Halifax, NS B4A 1E7

Telephone: 1 902 832 6700
Fax: 1 902 832 6702
email:
info@etruscan.com

If you wish to unsubscribe send a message to mailto:info@etruscan.com

Etruscan Resources Inc.

CODE : EET.TO
ISIN : CA29786L1022
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Etruscan Res. est une société de production minière basée au Canada.

Etruscan Res. est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 166,1 millions CA$ (165,6 millions US$, 127,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 4,48 CA$, et son plus bas niveau récent le 17 juillet 2009 à 0,18 CA$.

Etruscan Res. possède 338 894 000 actions en circulation.

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Dans les médias de Etruscan Resources Inc.
19/03/2008 article which appeared in the online magazine Resource Inv...
Rapports annuels de Etruscan Resources Inc.
2007 Annual report
Projets de Etruscan Resources Inc.
21/08/2008(Youga) YOUGA MINE PROJECTED TO BE CASH POSITIVE IN AUGUST
09/07/2008(Youga)Achieves Commercial Production AT Youga Gold Mine
19/06/2008(Kamanjab)DRILLING MULTIPLE TARGETS IN NAMIBIA
05/06/2008(Youga)YOUGA GOLD MINE RECOVERS 7800 OUNCES IN FIRST THREE MONTHS O...
04/02/2008FIRST ORE PROCESSED AT ETRUSCAN’S YOUGA GOLD MINE
03/10/2007(Youga)YOUGA GOLD MINE NEARS COMPLETION
30/08/2007(Finkolo)News Release August 30, 2007 - DRILLING INTERSECTS 6 METERS ...
08/08/2007EXPANDS ITS STRATEGIC LAND POSITION IN GHANA
26/07/2007(Diba Concession)Drilling at DIBA confirms deposit remains open down dip and ...
12/07/2007Deeper High Grade Intercepts at Etruscan's Finkolo Gold proj...
Communiqués de Presse de Etruscan Resources Inc.
28/06/2010Endeavour to acquire 45% minority interest with premium cash...
12/03/2008ACHIEVING OVER $750 PER CAR
07/01/2008 53% INCREASE IN GOLD RESOURCE
30/11/2007Etruscan Closes Exercise of Over-Allotment Option
02/11/2007Closes CDN$35Million Public Offerin
09/10/2007Completes acquisition of the Tirisano Mine in South Africa
19/09/2007 Regains control of the Tirisano Mine in South Africa
14/03/2007 Etruscan and Mountain Lake complete restructuring of diamon...
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