Endeavour Mining Completes Acquisition of True Gold Mining
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Endeavour Mining Corporation has successfully completed the previously announced acquisition of True Gold.
Pursuant to a court-approved plan of arrangement, shareholders of True Gold received 0.044 of an Endeavour ordinary share for each True Gold common share held. In addition, La Mancha Holding S.ar.l. exercised its anti-dilution right to maintain its 30 percent stake and invested C$82.6 million via an equity placement for 7,546,777 Endeavour ordinary shares.
About Endeavour Mining
Endeavour Mining is a TSX-listed intermediate gold mining company which operates 4 West African mines in Cote d’Ivoire, Mali, and Ghana. In 2016, it expects to produce between 535,000 and 560,000 ounces at an all-in sustaining cost of US$870 to US$920 per ounce, after adjustment of the recent Youga sale and excluding the Karma mine. Endeavour Mining is focused on effectively managing its existing assets to maximize cash flow as well as pursuing organic and strategic growth opportunities that benefit from its management and operational expertise.
To stop by Endeavour Mining’s website, CLICK HERE
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