Endeavour to raise C$125m through bought deal offering

June 14, 2016

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TSX-listed Endeavour Mining planned to raise C$125-million to expand current exploration programmes in West Africa in a deal with a syndicate of underwriters led by BMO Capital Markets. The underwriters would buy, on a bought deal basis, some 6.25-million ordinary shares at $20 apiece, with an option to acquire a further up to 15% of the offering to cover overallotments, if any.

Category: General