Endeavour Mining secures additional C$63.4M investment from La Mancha Holding

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.

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