- Write by:
-
Monday, July 6, 2020 - 12:41:46 PM
-
784 Visit
-
Print
Mining News Pro - Endeavour has issued 4.51-million shares to La Mancha in exchange for $100-million.
The transaction came about as La Mancha chose to exercise its antidilution rights following Endeavour`s merger with fellow West Africa-focused miner Semafo.
Endeavour and Semafo in March announced a C$1-billion merger to create the largest West African gold mining company, with six operations and an attractive growth pipeline. The merger was concluded last week.
Following the issue of shares to La Mancha, Endeavour now has 163-million shares in issue, with La Mancha holding about a 24.1% interest in Endeavour.
La Mancha retains its antidilution right under its investor rights agreement with Endeavour, and may also elect to increase its stake by buying shares on-market, subject to regulatory limits
Short Link:
https://www.miningnews.ir/En/News/560556
Physical demand for gold across key markets has tumbled as prices continue to rise, with some retail consumers opting to ...
Canadian small-scale gold miner Eros Resources would merge with rivals MAS Gold and Rockridge Resources to develop ...
The Nanay River meanders through Peru’s Amazon jungle supplying water to Iquitos city’s half a million inhabitants.
Africa’s top gold producer Ghana will commission its first large-scale greenfield mine in more than a decade in ...
Mali’s military-led authorities have arrested four employees of Canadian miner Barrick Gold, two sources said on Friday. ...
Shareholders of Filo Corp. have given their approval for the proposed acquisition by BHP Group and Lundin Mining, taking ...
Money managers’ bullish wagers on gold jumped to the highest in more than four years as the precious metal registered ...
Silver prices have bubbled up to their highest in over a decade on the back of bullion’s stellar bull run and China’s ...
The government of British Columbia has renewed the licence of occupation for Seabridge Gold’s Kerr-Sulphurets Mitchell ...
No comments have been posted yet ...