Endeavour Mining Corp. said April 17 that its largest shareholder, La Mancha Holding SARL, exercised, through a C$63.4 million private placement, its anti-dilution right to increase its current 28.1% interest in the miner to its initial 29.9% ownership position. Under the placement, La Mancha will acquire 2,573,372 common Endeavour shares at C$24.62 apiece, boosting its stake to 29.99% with 28,826,304 common shares. The placement, which remains subject to Toronto Stock Exchange approval, will increase La Mancha’s investment in Endeavour to about US$190 million.
https://www.spglobal.com/marketintelligence/en/news-insights/trending/bc4q1obmul0gdhd2w_dvmg2
