La Mancha completes $200m investment in Endeavour Mining

Investment company La Mancha had completed a $200m investment into the West Africa-focused miner Endeavour Mining. The subscription to Endeavour shares is being made under La Mancha’s pre-existing anti-dilution right and was announced as part of the acquisition of Teranga Gold, which was closed in February. Endeavour issued a total of 8,910,592 ordinary shares to La Mancha at a price of approximately C$29.361 ($22.45) per share, for aggregate net proceeds of $200m.