- Endeavour Silver Corp. (EDR) has announced a US$40 million bought-deal financing
- The company will issue 8,081,000 common shares at a price of US$4.95 per share
- Proceeds from the offering will be used to pay the US$35 million payable to SSR Mining Inc.
- Endeavour Silver is a mid-tier precious metals mining company that operates two silver-gold mines in Mexico
- Endeavour Silver (EDR) is up 2.98 per cent on the day, trading at C$6.22 per share at 3:30 pm ET
Endeavour Silver Corp. (EDR) has announced a US$40 million bought-deal financing.
The company will issue 8,081,000 common shares at a price of US$4.95 per share. The syndicate of underwriters is led by BMO Capital Markets and PI Financial Corp. The company has granted the underwriters an option to purchase up to an additional 15 per cent of the common shares being offered.
Proceeds from the offering will be used to pay the US$35 million payable to SSR Mining Inc. in respect of the acquisition of the Pitarrilla project in Durango State, Mexico and for general corporate purposes and working capital.
Endeavour Silver is a mid-tier precious metals mining company that operates two silver-gold mines in Mexico.
Endeavour Silver (EDR) is up 2.98 per cent on the day, trading at C$6.22 per share at 3:30 pm ET.
