By Devika Patel
Knoxville, Tenn., Oct. 26 - Endeavour Silver Corp. said it took in C$3.9 million in a non-brokered private placement of units. The deal priced on Oct. 14.
The company sold 1,299,843 units of one common share and one half-share warrant at C$3.00 per unit. Each whole warrant will be exercisable at C$3.60 for two years.
Proceeds will be used to continue evaluating possible acquisitions and for general working capital.
Based in Vancouver, B.C., Endeavour is a silver exploration company.
| Issuer: | Endeavour Silver Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3,899,529
|
| Units: | 1,299,843
|
| Price: | C$3.00
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$3.60
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 14
|
| Settlement date: | Oct. 26
|
| Stock symbol: | Toronto: EDR
|
| Stock price: | C$3.27 at close Oct. 13
|
| Market capitalization: | C$170 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
