Toronto Stock Exchange: EDV
GEORGE TOWN, Grand Cayman, Oct. 23 /CNW/ - Endeavour Mining Capital Corp.
("Endeavour" or the "Corporation") is pleased to announce the board of
directors has declared a monthly cash dividend of CDN$0.015 per common share,
payable on November 30, 2007 to shareholders of record on November 26, 2007.
This represents an 80% increase in Endeavour's cash dividend, on an annualized
basis. The Corporation has consistently paid semi-annual dividends since 2004.
"Our decision to increase the dividend and adopt a monthly schedule
reflects our confidence in our integrated resource merchant banking business
and its growth opportunities in the global infrastructure build out. Further,
as investors, we believe dividends are a key component for a healthy return on
capital," commented Frank Holmes, Chairman.
Endeavour Mining Capital Corp. is a publicly-traded merchant banking
company offering integrated capital investment and financial advisory services
to the global natural resources sector. The Corporation offers a unique
combination of financial and intellectual capital to help build companies and
create shareholder value. Our shares are listed on the Toronto Stock Exchange
under the symbol EDV and offer a distinctly different way to invest in the
natural resources sector.
For additional information, please visit our corporate website,
On behalf of Endeavour Mining Capital Corp.
Chief Financial Officer, Director & Secretary
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 statements relating to the future
performance of Endeavour Mining Capital Corp. Forward-looking statements,
specifically those concerning future performance, are 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.
For further information:
For further information: Phone: Vanguard Shareholder Solutions,
1-866-801-0779 or (604) 608-0824, email: email@example.com