Toronto Stock Exchange: EDV
GEORGE TOWN, Grand Cayman, Nov. 25, 2011 /CNW/ - Endeavour Mining
Corporation ("Endeavour" or the "Corporation") (TSX:EDV) is pleased to
announce that, at a special meeting ("Meeting") of the Corporation's
shareholders held earlier today, the Share Issuance Resolution in
connection with the merger between Endeavour and Adamus Resources
Limited ("Adamus") (ASX:ADU) (the "Merger") was overwhelmingly approved
with 99.59% approval from shareholders represented at the Meeting. Of
the Corporation's 114,674,946 issued and outstanding shares as of the
October 17, 2011 record date, 63,224,088 shares were represented at the
The completion of the Merger remains subject to approval from Adamus
shareholders at a meeting scheduled to be held on November 28, 2011 in
Perth, Australia and from the Federal Court of Australia at a hearing
scheduled for December 2, 2011.
Neil Woodyer, CEO, stated: "We thank our shareholders and appreciate the
strong support demonstrated by them at today's meeting. In the three
months since announcing the merger with Adamus, the management teams
from Endeavour and Adamus have been working very well together. We are
looking forward to integrating our plans and are excited about the new
Endeavour driving increased value for shareholders as a rapidly growing
About Endeavour Mining Corporation
Endeavour is a gold producer. Endeavour also holds an extensive
exploration land position and various advanced-stage development gold
projects in West Africa. Endeavour has a global strategy, supported by
financial resources and management's company building expertise, to
grow into an intermediate gold producer through strategic acquisitions.
On August 21, 2011, Endeavour and Adamus announced they have entered
into a definitive Merger Implementation Agreement to combine through an
all-stock merger of equals transaction creating a new growth focused
West African gold producer.
The common shares of Endeavour Mining Corporation are traded on the
Toronto Stock Exchange under the symbol "EDV".
On behalf of Endeavour Mining Corporation
Chief Executive Officer
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. The
foregoing information may contain forward-looking information relating
to the future performance of Endeavour Mining Corporation.
Forward-looking information, specifically, that concerning future
performance, is subject to certain risks and uncertainties, and actual
results may differ materially. These risks and uncertainties are
detailed from time to time in the Corporation's filings with the
appropriate securities commissions.
SOURCE Endeavour Mining Corporation
For further information:
Stephen Roberts, Senior Vice President - Investor Relations (604) 609-6130, email@example.com
Vanguard Shareholder Solutions 1-866-341-4111 or (604) 608-0824, firstname.lastname@example.org