- Write by:
-
Monday, July 6, 2020 - 12:41:46 PM
-
700 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
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police ...
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
i-80 Gold fell by over 11% at market open Tuesday following its announcement of a C$100 million ($74m) public offering ...
Australia’s Westgold Resources said on Monday it had agreed to acquire Toronto-listed Karora Resources in a ...
Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the ...
No comments have been posted yet ...