Endeavour Mining to acquire True Gold to grow its low-cost gold production

Endeavour Mining is pleased to announce that it has entered into a definitive arrangement agreement with True Gold Mining Inc. (“True Gold”) pursuant to which Endeavour Mining will acquire all of the issued and outstanding common shares of True Gold via a court-approved plan of arrangement (the “Arrangement Agreement”). In conjunction with the acquisition, Endeavour Mining is pleased to announce that La Mancha Holding S.àr.l., its largest shareholder with 30% ownership, intends to exercise an anti-dilution right that will result in an approximate CDN$82.6 million (US$61.5 million) new equity placement in Endeavour Mining.

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