Endeavour Silver Corp. Closes US$45 Million Bought Deal Financing
Endeavour Silver Corp (TSX: EDR, NYSE: EXK) has successfully completed its previously announced prospectus offering, raising US$45 million through the issuance of 11,600,000 common shares at US$3.88 per share.
The offering was led by BMO Capital Markets as sole bookrunner, alongside TD Securities Inc. and Raymond James The proceeds will partially fund the US$145 million acquisition of Compañia Minera Kolpa S.A. and its Huachocolpa Uno Mine from Arias Resource Capital Management and Grupo Raffo shareholders.
The transaction's closing remains subject to Toronto Stock Exchange and New York Stock Exchange regulatory approvals and is expected to conclude within 60 days.
Endeavour Silver Corp (TSX: EDR, NYSE: EXK) ha completato con successo l'offerta di prospetto precedentemente annunciata, raccogliendo 45 milioni di dollari USA attraverso l'emissione di 11.600.000 azioni ordinarie a 3,88 dollari USA per azione.
L'offerta è stata guidata da BMO Capital Markets come unico bookrunner, insieme a TD Securities Inc. e Raymond James. I proventi finanzieranno parzialmente l'
La chiusura della transazione è soggetta alle approvazioni regolatorie della Borsa di Toronto e della Borsa di New York e si prevede che si concluda entro 60 giorni.
Endeavour Silver Corp (TSX: EDR, NYSE: EXK) ha completado con éxito su oferta de prospecto previamente anunciada, recaudando 45 millones de dólares estadounidenses a través de la emisión de 11.600.000 acciones ordinarias a 3,88 dólares estadounidenses por acción.
La oferta fue liderada por BMO Capital Markets como único bookrunner, junto a TD Securities Inc. y Raymond James. Los ingresos financiarán parcialmente la adquisición de 145 millones de dólares estadounidenses de Compañia Minera Kolpa S.A. y su mina Huachocolpa Uno de los accionistas de Arias Resource Capital Management y Grupo Raffo.
El cierre de la transacción está sujeto a las aprobaciones regulatorias de la Bolsa de Valores de Toronto y de la Bolsa de Valores de Nueva York, y se espera que concluya dentro de 60 días.
Endeavour Silver Corp (TSX: EDR, NYSE: EXK)는 이전에 발표된 공모를 성공적으로 완료하였으며, 4,500만 달러를 모집하여 주당 3.88달러로 11,600,000주를 발행했습니다.
이번 공모는 BMO Capital Markets가 단독 주관사로 진행하였으며, TD Securities Inc. 및 Raymond James와 함께 하였습니다. 이 자금은 1억 4,500만 달러에 Compañia Minera Kolpa S.A.와 그 소속 Huachocolpa Uno 광산을 Arias Resource Capital Management 및 Grupo Raffo 주주들로부터 인수하는 데 부분적으로 사용됩니다.
거래의 마감은 토론토 증권 거래소와 뉴욕 증권 거래소의 규제 승인을 받는 조건이며, 60일 이내에 완료될 것으로 예상됩니다.
Endeavour Silver Corp (TSX: EDR, NYSE: EXK) a réussi à finaliser son offre de prospectus précédemment annoncée, levant 45 millions de dollars US grâce à l'émission de 11 600 000 actions ordinaires à 3,88 dollars US par action.
L'offre a été dirigée par BMO Capital Markets en tant que bookrunner exclusif, en collaboration avec TD Securities Inc. et Raymond James. Les produits serviront en partie à financer l'
La clôture de la transaction est soumise aux approbations réglementaires de la Bourse de Toronto et de la Bourse de New York et devrait se conclure dans un délai de 60 jours.
Endeavour Silver Corp (TSX: EDR, NYSE: EXK) hat erfolgreich das zuvor angekündigte Prospektangebot abgeschlossen und 45 Millionen US-Dollar durch die Emission von 11.600.000 Stammaktien zu einem Preis von 3,88 US-Dollar pro Aktie gesammelt.
Das Angebot wurde von BMO Capital Markets als alleiniger Bookrunner geleitet, zusammen mit TD Securities Inc. und Raymond James. Die Erlöse werden teilweise die 145 Millionen US-Dollar teure Akquisition von Compañia Minera Kolpa S.A. und ihrer Huachocolpa Uno Mine von den Aktionären von Arias Resource Capital Management und Grupo Raffo finanzieren.
Der Abschluss der Transaktion steht noch unter dem Vorbehalt der Genehmigungen durch die Toronto Stock Exchange und die New York Stock Exchange und wird voraussichtlich innerhalb von 60 Tagen abgeschlossen sein.
- Secured US$45 million in financing to support major acquisition
- Strategic expansion through US$145 million Kolpa mine acquisition
- 11.6 million new shares issued causing shareholder dilution
- Significant capital expenditure of US$145M required for acquisition
VANCOUVER, British Columbia, April 08, 2025 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (TSX: EDR, NYSE: EXK) is pleased to announce the completion of its prospectus offering announced on April 1, 2025 for the issuance of a total of 11,600,000 common shares (“Common Shares”) at a price of US
The Company plans to use the net proceeds of the Offering to fund part of the purchase price of the previously announced acquisition of all of the outstanding shares of Compañia Minera Kolpa S.A., and its main asset, the Huachocolpa Uno Mine (“Kolpa”), from subsidiaries of its shareholders Arias Resource Capital Management and Grupo Raffo, in exchange for total consideration of US
Closing of the Transaction remains subject to Toronto Stock Exchange and New York Stock Exchange regulatory approvals, as well as customary closing conditions, and is expected to occur within 60 days.
About Endeavour Silver Corp.
Endeavour is a mid-tier precious metals company with a strong commitment to sustainable and responsible mining practices. With operations in Mexico and the development of the new cornerstone mine in Jalisco State, the Company aims to contribute positively to the mining industry and the communities in which it operates. In addition, Endeavour has a portfolio of exploration projects in Mexico, Chile and the United States to facilitate its goal to become a premier senior silver producer.
Contact Information
Allison Pettit, Director of Investor Relations
Tel: (604) 640 4804
Email: apettit@edrsilver.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding the Company’s use of proceeds; and the Transaction, including the expected closing date, the Company’s receipt of required regulatory approvals and the satisfaction of closing conditions.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause actual events, level of activity, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, the timing of, and ability to obtain, regulatory approvals; changes in production and costs guidance; the ongoing effects of inflation and supply chain issue on mine economics; ability to continue to comply with the terms of the project debt facility; changes in national and local governments’ legislation, taxation, controls, regulations and political or economic developments in Canada, Chile, the USA and Mexico; timing and content of work programs; results of exploration activities and development of mineral properties; financial risks due to precious metal prices; operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development; risks in obtaining necessary licenses and permits; fluctuations in the prices of silver and gold; fluctuations in currency markets (particularly the Mexican peso, Chilean peso, Canadian dollar and US dollar); and challenges to the Company’s title to properties; as well as those factors described in the section “Risk Factors” contained in the prospectus supplement to which the Offering relates and in the Company’s most recent form 40F/Annual Information Form filed with the SEC and Canadian securities regulatory authorities.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the forecasted capacity and production estimates for Kolpa, and the reliability of mineral resource estimates, the continuation of exploration and mining operations, the continued operation of the Company’s mining operations, no material adverse change in the market price of commodities, mining operations will operate and the mining products will be completed in accordance with management’s expectations and achieve their stated production outcomes, resource and reserve estimates, metal prices, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company’s views as of the date of this release. There can be no assurance that any forward-looking statements or information will be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
FAQ
How much did Endeavour Silver (EXK) raise in its April 2025 bought deal financing?
What is the purpose of EXK's US$45 million financing in April 2025?
When is the Kolpa mine acquisition by EXK expected to close?
What is the price per share for EXK's April 2025 bought deal financing?
