Endeavour Mining (“Endeavour”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on bought deal basis 6,250,000 ordinary shares (the “Common Shares”), at a price of $20.00 per Common Share for gross proceeds of $125,000,000 (the “Offering”). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The offering is expected to close on or about July 11, 2016 and is subject to Endeavour receiving all necessary regulatory approvals.
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