Endeavour Completes Acquisition of True Gold
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George Town, April 26, 2016 - Endeavour Mining Corporation ("Endeavour") (TSX: EDV) (OTCQX: EDVMF) and True Gold Mining Inc. ("True Gold") (TSX-V: TGM) are pleased to announce the successful completion of the previously announced acquisition of True Gold.
Pursuant to a court-approved plan of arrangement (the "Arrangement"), shareholders of True Gold received 0.044 of an Endeavour ordinary share for each True Gold common share held. In addition, La Mancha Holding S.�r.l. ("La Mancha") exercised its anti-dilution right to maintain its 30% stake and invested CDN$82.6 million via an equity placement for 7,546,777 Endeavour ordinary shares.
Following the transaction close, Endeavour's issued and outstanding shares totalled approximately 84.3 million and its market capitalization amounted to approximately CDN$1.3 billion, based on Endeavour's closing price on the Toronto Stock Exchange on April 25, 2016.
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About Endeavour Mining Corporation
Endeavour Mining is a TSX-listed intermediate gold mining company which operates 4 West African mines in C�te 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$920 per ounce, after adjustment of the recent Youga sale and excluding the Karma mine. Endeavour Mining is focused on effectively managing its existing assets to maximize cash flow as well as pursuing organic and strategic growth opportunities that benefit from its management and operational expertise.
Endeavour Mining | Executive Office | Bureau 76, 7 Boulevard des Moulins, Monaco 98000
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This announcement is distributed by NASDAQ OMX Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Endeavour Mining, c/o Intertrust Corporate Services Limited 190 Elgin Avenue, George Town, Grand Cayman KY1-9005s, United Kingdom
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Endeavour International Corporation
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EN DÉVELOPPEMENT |
CODE : END |
ISIN : US29259G2003 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Endeavour est une société développant des projet miniers et de pétrole basée aux Etats-Unis D'Amerique. Endeavour est en développement de projets de gaz en U.k., et détient divers projets d'exploration en Norvege. Son principal projet en développement est COLUMBUS en U.k. et ses principaux projets en exploration sont NOATUN et ROCHELLE DISCOVERY en Norvege. Endeavour est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 7,3 millions US$ (5,8 millions €). La valeur de son action a atteint son plus haut niveau récent le 13 janvier 2012 à 9,99 US$, et son plus bas niveau récent le 10 octobre 2014 à 0,15 US$. Endeavour possède 47 200 000 actions en circulation. |