Endeavour Mining to Acquire Avnel for $122M (U.S.) <\/p>\n
ENDEAVOUR MINING TO ACQUIRE AVNEL TO FURTHER STRENGTHEN ITS HIGH-QUALITY PROJECT PIPELINE<\/p>\n
TRANSACTION HIGHLIGHTS
\n\u2022Endeavour to acquire Avnel, which owns the Kalana Gold project in Mali, in an all-share transaction ?Transaction values Avnel at US$ 122m (C$ 159m), representing a premium of 48% to the closing price of Avnel’s ordinary shares on the Toronto Stock Exchange (“TSX”) on 28th June 2017, and a premium of 52% to Avnel’s 20-day trailing VWAP on the same date
\n?With robust project economics, the transaction will be value accretive on a Net Asset Value basis to Endeavour shareholders
\n?The Boards of Directors of both Endeavour and Avnel have unanimously approved the transaction
\n?Transaction is expected to close in September 2017 <\/p>\n
\u2022Adding the Kalana Gold project strengthens Endeavour’s construction pipeline following the completion of the Hounde and Ity CIL projects and leverages its operational synergies in the region <\/p>\n","protected":false},"excerpt":{"rendered":"
Endeavour Mining to Acquire Avnel for $122M (U.S.) ENDEAVOUR MINING TO ACQUIRE AVNEL TO FURTHER STRENGTHEN ITS HIGH-QUALITY PROJECT PIPELINE TRANSACTION HIGHLIGHTS \u2022Endeavour to acquire Avnel, which owns the Kalana Gold project in Mali, in an all-share transaction ?Transaction values … Continue reading