Toronto Stock Exchange: EDV
GEORGE TOWN, Grand Cayman, Feb. 4 /CNW/ - Endeavour Financial Corporation
("Endeavour" or the "Corporation") announced today that it has completed its
previously announced public offering of 64,975,000 Units (the "Units") at a
price of $1.77 per Unit, which includes the over-allotment option granted by
the Corporation, to raise gross proceeds of $115,005,750 pursuant to a short
form prospectus (the "Offering"). The Offering was underwritten by a syndicate
co-led by GMP Securities L.P. and Canaccord Capital Corporation (the
Each Unit consists of one common share of the Corporation and one-half of
one common share purchase warrant. Each whole common share purchase warrant (a
"Warrant") entitles the holder thereof to purchase one additional common share
of the Corporation, at a price of $2.50 per common share, until 5:00 p.m.
(Pacific time) on February 4, 2014.
The Warrants will commence trading on the Toronto Stock Exchange under
the symbol EDV.WT.A on February 4, 2009.
Endeavour Financial Corporation is listed on the Toronto Stock Exchange,
About Endeavour Financial Corporation
Endeavour is an independent merchant banking company focused on the
global natural resources sector. The Corporation offers advisory services in
project, corporate and debt capital markets; equity financings; mergers and
acquisitions; and strategic business development. Endeavour also provides
equity and bridge loans in support of clients, transactions, and other market
opportunities. Accessing its global industry networks, Endeavour creates and
launches new growth companies as both an advisor and investor.
For additional information, please visit our corporate website,
On behalf of Endeavour Financial Corporation
Executive Vice President & Chief Financial 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 Financial 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.
For further information:
For further information: Dr. Sally Eyre, Director Marketing & Business
Development, (604) 609-6129; or Vanguard Shareholder Solutions, 1-866-341-4111
or (604) 608-0824