Endeavour Silver raises US$72.8 million for Pitarrilla Project

Company

Endeavour Silver Corp.

Law Firm / Organization
Koffman Kalef LLP
Law Firm / Organization
Dorsey & Whitney LLP

Bank

BMO Nesbitt Burns Inc.

Law Firm / Organization
Blake, Cassels & Graydon LLP

Bank

CIBC World Markets Inc.

Law Firm / Organization
Blake, Cassels & Graydon LLP

Bank

TD Securities Inc.

Law Firm / Organization
Blake, Cassels & Graydon LLP

Company

Ventum Financial Corp.

Law Firm / Organization
Blake, Cassels & Graydon LLP

Company

H.C. Wainwright & Co., LLC

Law Firm / Organization
Blake, Cassels & Graydon LLP

Endeavour Silver Corp. announced a $72.8 million USD (approximately $101.7 million CAD) public equity offering on November 21, 2024, issuing 15,825,000 common shares at $4.60 USD ($6.44 CAD) per share. Net proceeds of $68.7 million USD (about $95.9 million CAD) were allocated to fund exploration and development of the Pitarrilla Project in Mexico and for working capital.

The underwriting syndicate was led by BMO Nesbitt Burns Inc. and included CIBC World Markets Inc., TD Securities Inc., Ventum Financial Corp., and H.C. Wainwright & Co., LLC. Legal advisors for Endeavour were Koffman Kalef LLP (Canada) and Dorsey & Whitney LLP (U.S.), while the underwriters were advised by Blake, Cassels & Graydon LLP (Canada) and Skadden, Arps, Slate, Meagher & Flom LLP (U.S.). Shares were listed on the TSX and NYSE under the symbols "EDR" and "EXK." The offering is set to close on November 27, 2024.

Public/Private Offering
Mining
$ 101,700,000
Active