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True Gold Mining

Publié le 11 avril 2016

LEADING INDEPENDENT ADVISORY FIRMS ISS AND GLASS LEWIS SUPPORT PLAN OF ARRANGEMENT BETWEEN ENDEAVOUR MINING AND TRUE GOLD MINING

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Mots clés associés :   Ghana | Mali | Monaco | Vote |

LEADING INDEPENDENT ADVISORY FIRMS ISS AND GLASS LEWIS SUPPORT PLAN OF ARRANGEMENT BETWEEN ENDEAVOUR MINING AND TRUE GOLD MINING

[Title goes here]




LEADING INDEPENDENT ADVISORY FIRMS ISS AND GLASS LEWIS SUPPORT PLAN OF ARRANGEMENT BETWEEN ENDEAVOUR MINING AND TRUE GOLD MINING

George Town, April 11, 2016 - Endeavour Mining Corporation ("Endeavour") (TSX: EDV) (OTCQX: EDVMF) is pleased to announce that both Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis"), two leading independent proxy advisory firms whose analyses and recommendations are relied upon by many major institutional investment firms, mutual funds and fiduciaries, have recommended that shareholders of Endeavour and shareholders of True Gold Mining, Inc. ("True Gold") (TSX-V: TGM) support the proposed plan of arrangement (the "Arrangement") between the two companies at their special meetings scheduled for April 21, 2016.

Endorsing the Arrangement, ISS noted that "the all-stock transaction makes strategic sense as it will create a stronger combined entity with better access to financial markets and result [in] potential operational and administrative synergies." Glass Lewis, in turn, indicated "that the proposed transaction is supported by a clear strategic vision and tangible benefit for Endeavour shareholders, who will gain exposure to the low-cost Karma gold mine."

In addition, both ISS and Glass Lewis have recommended to Endeavour shareholders that they vote for the approval of the issuance of shares to La Mancha Holding S.àr.l. ("La Mancha") and the increase in the authorized share capital. As noted by ISS, "the dilution of the share issuance appears to be reasonably limited," while the increase in the authorized share capital "is considered generally acceptable."

All Endeavour shareholders are encouraged to read the information circular with respect to the Arrangement, which was mailed to shareholders of record as of March 15th, 2016. It is also available on SEDAR at www.sedar.com and Endeavour's website (www.endeavourmining.com).

The Board of Directors of Endeavour has unanimously recommended that shareholders vote in favour of the resolutions outlined in the circular.

Registered Endeavour Shareholders are encouraged to vote by proxy, which must be received by Computershare by 10:00 a.m. (EST) on April 19, 2016.

If you have any questions or require assistance in voting, please contact our proxy solicitation agent,

D.F. King, at 1-800-926-7043 toll free in North America, or call collect outside North America at 1- 201-806-7301 or by email at [email protected]



Contact Information

Vincent Benoit

EVP - Strategy & Business Development

+33 (0)1 70 38 36 96

[email protected]


Martino De Ciccio

VP - Strategy & Investor Relations

+33 (0)1 70 38 36 95

[email protected]

DFH Public Affairs in Toronto

John Vincic

(416) 206-0118 x.224

[email protected]


Brunswick Group LLP in London

Carole Cable, Partner

+44 7974 982 458

[email protected]


About Endeavour Mining Corporation

Endeavour Mining is a TSX-listed intermediate gold mining company which operates 4 West African mines in Côte d'Ivoire, Mali, and Ghana. In 2016, it expects to produce between 535,000 and 560,000 ounces at an all- in sustaining cost of US$870 to US$920 per ounce, after adjustment of the recent Youga sale and excluding the Karma mine (where the transaction with True Gold is expected to close at the end of April 2016). Endeavour Mining is focused on effectively managing its existing assets to maximize cash flow as well as pursuing organic and strategic growth opportunities that benefit from its management and operational expertise.


Endeavour Mining | Executive Office | Bureau 76, 7 Boulevard des Moulins, Monaco 98000


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.

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Données et statistiques pour les pays mentionnés : Ghana | Mali | Monaco | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Ghana | Mali | Monaco | Tous

True Gold Mining

EN DÉVELOPPEMENT
CODE : TGM.V
ISIN : CA89783T1021
CUSIP : 768906
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True Gold. est une société développant des projet miniers d'or basée au Canada.

True Gold. détient divers projets d'exploration au Burkina Faso.

Son principal projet en développement est KARMA au Burkina Faso et ses principaux projets en exploration sont LIGIDI, BISSA, SOLNA, YARAMOKO et GOULAGOU / RAMBO / KAO au Burkina Faso.

True Gold. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 267,2 millions CA$ (212,1 millions US$, 187,6 millions €).

La valeur de son action a atteint son plus bas niveau récent le 09 janvier 2009 à 0,09 CA$, et son plus haut niveau récent le 15 avril 2011 à 1,09 CA$.

True Gold. possède 398 840 000 actions en circulation.

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Financements de True Gold Mining
17/05/2011Withdraws Public Offering of Common Shares
09/05/2011. Announces Equity Financing
02/06/2009Announces Non-Brokered Private Placement
01/10/2008Announces Proposed C$1.98 million Private Placement with IFC
23/06/2008Closes 1.75 Million Unit Private Placement at $0.60
13/06/2008Announces Closing of Private Placement
26/05/2008reases Private Placement to Raise C$1.9 Million
Attributions d'options de True Gold Mining
11/02/2011Grant of 300,000 options to PR Firm
23/04/2010GRANT OF 300.000 STOCK OPTIONS TO B&D CAPITAL PARTNERS
09/09/2009Grant of 2.460.000 stock options
28/01/2009GRANT OF 730.000 STOCK OPTIONS TO directors, officers, emplo...
06/02/2008GRANT OF 1.010.000 STOCK OPTIONS TO directors, officers, emp...
03/12/2007GRANT OF 180.000 STOCK OPTIONS TO PR FIRM
22/10/2007GRANT OF 150.000 STOCK OPTIONS TO PR FIRM ASCENTA CAPITAL
09/07/2007GRANT OF 1.255.000 STOCK OPTIONS TO directors, officers, emp...
27/06/2007GRANT OF 150.000 STOCK OPTIONS TO PR FIRM MAU CAPITAL (MR....
27/02/2006GRANT OF 250.000 STOCK OPTIONS TO Mr. Ron Cooper for PR Ser...
26/01/2006GRANT OF 500.000 STOCK OPTIONS TO directors
05/05/2004GRANT OF 805.000 STOCK OPTIONS TO directors, officers, emplo...
12/01/2004GRANT OF 440.000 STOCK OPTIONS TO directors, officers, emplo...
19/08/2003GRANT OF 610.000 STOCK OPTIONS TO directors, officers, emplo...
Nominations de True Gold Mining
26/03/2015Appoints Christian Milau as Chief Executive Officer
11/02/2011Announces Investor Relations Advisor, Stock Options
09/06/2006announces hiring of exploration manager
Projets de True Gold Mining
26/04/2016Endeavour completes acquisition of True Gold
18/07/2011(Karma)Intersects 58 Metres Grading 1.13 g/t Gold at Karma
09/06/2011(Karma)Intersects New Gold Zone at Karma
01/06/2011(Karma)Reports 38 Metres Grading 5.6 g/t Gold From Karma
26/05/2011(Bissa)Starts Major Drill Program at Yaramoko and Reports Additiona...
26/04/2011(Karma)Reports More Positive Gold Results from Karma
08/04/2011(Yaramoko)Reports 28.61 g/t Au Over 20 Metres on Yaramoko Gold Project...
24/03/2011(Karma)Intersects High Grade Gold at Karma
28/02/2011(Karma)Increases Gold Resources at Karma by 70 Percent
13/07/2010(Bissa)Grants Options on Three Gold Properties
18/01/2010(Karma)Defines High Grade Gold Mineralized Trend
06/01/2010(Karma)Drilling Defines Gold Mineralized Trend
04/11/2009(Karma)New Gold Zone
24/09/2009(Karma)Commences Drilling on Karma Gold Project
26/08/2009(Karma)Drilling Plans on Karma Gold Project
06/07/2009(Karma)Independent Technical Report on the Karma Gold Project
18/09/2008(Karma)Extends Gold Mineralization at Karma
12/08/2008(Karma)Continues to Expand Gold Mineralization at Karma
10/07/2008(Karma)Initiates Resource Estimate for Karma Project
07/05/2008(Goulagou / Rambo / Kao)Extends Goulagou Mineralization to Depth at Karma
10/03/2008Intersects 16.7 g/t Gold (0.49 oz/ton) over 12 Metres at Kar...
28/02/2008 Intersects 5.47 g/t Gold over 10 Metres at Karma
29/01/2008(Goulagou / Rambo / Kao)Resumes Drilling at Kao Main Gold Zone
16/04/2007Intersects 10 metres of 3.55g/t Gold on Kao
05/04/2007(Rambo - Kao)Confirms And Extends Multiple Gold Zones On Kao
06/06/2006(Ligidi)plans 15,000m of RAB drilling on Burkina properties
Communiqués de Presse de True Gold Mining
21/04/2016Endeavour and True Gold Shareholders Approve Acquisition Tra...
21/04/2016True Gold Announces Securityholder Approval of Plan of Arran...
11/04/2016True Gold Announces First Gold Production
11/04/2016LEADING INDEPENDENT ADVISORY FIRMS ISS AND GLASS LEWIS SUPPO...
11/04/2016Independent Advisory Firms ISS and Glass Lewis Support Plant...
24/03/2016True Gold Mails and Files Meeting Materials for Upcoming Spe...
13/01/2016True Gold announces appointment of new Director
12/01/2016True Gold signs $10 million equipment finance facility
31/12/2015True Gold grants incentive stock options
26/10/2015True Gold appoints Peter Hardie as Chief Financial Officer
24/10/2015Sandstorm Gold Provides Asset Updates
23/10/2015Sandstorm Gold Provides Asset Updates
20/10/2015True Gold begins mining at Karma
25/09/2015Karma Mine Update
17/09/2015Karme Mine Update
17/09/2015True Gold: Karma Mine Update
24/08/2015True Gold Mining reports Q2 2015 financial & operating resul...
22/06/2015True Gold introduces David Laing as Chief Operating Officer
19/06/2015True Gold grants incentive stock options
26/03/2015True Gold appoints Christian Milau as Chief Executive Office...
02/03/2015Ture Gold provides update on Karma Project
02/03/2015True Gold Provides Update on Karma Project
29/01/2015True Gold Provides Progress Update on Karma
20/01/2015True Gold Provides Corporate and Operational Update
14/01/2015IIROC Trading Resumption - TGM
14/01/2015(Karma)Temporarily Suspends Operations at Karma
14/01/2015True Gold Temporarily Suspends Operations at Karma
14/01/2015IIROC Trading Halt - TGM
24/12/2014True Gold draws down additional US$20.7M of project financin...
09/12/2014True Gold reports temporary work slowdown
06/12/2014True Gold Files PEA for North Kao and Updated Feasibility St...
24/11/2014True Gold Mining reports Q3 2014 financial results
17/11/2014Karma Gold Mine construction on time, on budget
31/10/2014True Gold Mining provides update on events in Burkina Faso
30/10/2014True Gold Mining Provides Update on Events in Burkina Faso
21/10/2014True Gold's North Kao Deposit to generate over US$118 millio...
25/09/2014Sandstorm Gold Remits First Upfront Payment to True Gold
25/09/2014True Gold Commences Draw Down of Project Financing
18/09/2014True Gold Receives All Permits for the Karma Gold Project
08/09/2014True Gold Secures Long-Term Cement Contract at a Price Signi...
22/02/2013.: Directors Approve Name Change
13/02/2013.: Widely Spaced RC Drilling at Liguidi Hits Near-Surface Go...
29/01/2013(Karma).: RAB Program Reveals Widespread Near-Surface Gold Minerali...
12/12/2012Announces Change in Financial Year-End
07/11/2012(Karma)Files NI 43-101 Updated Resource Estimate Technical Report o...
15/10/2012.: Corporate Update
10/10/2012(Bissa)Intersects 6.95 g/t Gold Over 6 m at Bissa East Property
17/09/2012Intersects 9.50 g/t Gold Over 12 Metres at Kao Deposit
10/09/2012Intersects 2.39 g/t Gold Over 24 Metres at Kao
11/07/2011Reports Thick Gold Intercepts at Goulagou I
20/06/2011Reports Multiple Mineralized Intervals From Nami
23/03/2010Commences Drilling at Nami Site
08/12/2009HRA Advisories Coverage of Riverstone Resources (RVS: TSX-V)
09/02/2010Sampling Program Underway at Nami Gold Discovery Zone
08/02/2010Raises $1.8 Million
28/01/2010Commences Follow-up Program at Nami Gold Discovery Zone
19/06/2009Raises $2.1 Million
16/06/2008Resumes Drilling at Karma
29/04/2008Grants Financing and Option Rights to Teck Cominco
07/04/2008Expands Kao Main Zone at Karma
21/03/2006(Ligidi)new exploration permits signed in the Bissa area of Burkina ...
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