Endeavour Silver Corp. Completes Major Financing Round
Endeavour Silver Corp. Secures US$73 Million Financing
Vancouver, British Columbia — Endeavour Silver Corp. (“Endeavour” or the “Company”) (TSX: EDR, NYSE: EXK) is excited to share that it has successfully closed its recently announced prospectus offering, which took place to support its operations and project developments. This financing garnered remarkable investor interest, leading to the issuance of 15,825,000 common shares at a price of US$4.60 each, totaling an impressive gross proceed of approximately US$72.8 million.
Strategic Use of Proceeds
The funds raised from this offering are earmarked for critical enhancements to the Pitarrilla project located in Durango, Mexico, as well as for general working capital needs. This strategic financial maneuver underlines Endeavour's commitment to advancing its mining projects while reinforcing its operational capabilities.
A Commitment to Sustainable Mining
Endeavour Silver Corp. prides itself on being a mid-tier precious metals company, dedicated to sustainable and responsible mining practices. With its operations prominently in Mexico and the ongoing development of its new cornerstone mine in Jalisco, the Company strives to make a positive impact on the mining industry and the communities in which it operates. Endeavour Silver's aim is to solidify itself as a leading senior silver producer while pursuing its exploration initiatives in Mexico, Chile, and the United States.
Increased Interest from Investors
The offering was led by BMO Capital Markets, with support from a strong syndicate of underwriters including CIBC World Markets Inc., TD Securities Inc., Ventum Financial Corp., and H.C. Wainwright & Co., LLC. The high demand for these shares reflects the market's confidence in Endeavour Silver's strategic direction and operational results.
Company Overview
Endeavour Silver has established itself as a respected player in the precious metals sector, emphasizing sustainable mining operations. It is engaged in ongoing projects that contribute to the local economy and environmental sustainability. The Company’s efforts are geared towards enhancements that facilitate long-term growth and stability.
Contact Details for Investor Relations
For more inquiries regarding the offering or the Company’s operations, interested parties may contact:
Allison Pettit, Director of Investor Relations
Tel: (604) 640 4804
Email: apettit@edrsilver.com
Frequently Asked Questions
What is the purpose of the US$73 million financing by Endeavour Silver?
The financing aims to enhance the Pitarrilla project in Mexico and provide support for general working capital needs.
Who were the underwriters for the financing?
The offering was led by BMO Capital Markets, with support from CIBC World Markets Inc., TD Securities Inc., Ventum Financial Corp., and H.C. Wainwright & Co., LLC.
Where does Endeavour Silver operate?
Endeavour Silver primarily operates in Mexico and is developing a new cornerstone mine in Jalisco, while exploring opportunities in Chile and the United States.
What strategies does Endeavour implement for sustainability?
Endeavour focuses on sustainable and responsible mining practices, promoting positive contributions to the mining industry and local communities.
How can I contact Endeavour Silver for more information?
For investor relations, contact Allison Pettit at (604) 640 4804 or email apettit@edrsilver.com for inquiries regarding the Company or its operations.
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