Parties
Company
Endeavour Silver Corp.
Bank
BMO Nesbitt Burns Inc.
Bank
CIBC World Markets Inc.
Bank
TD Securities Inc.
Company
Ventum Financial Corp.
Company
H.C. Wainwright & Co., LLC
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.
Deal Type
Public/Private OfferingIndustry
MiningTransaction
$ 101,700,000Deal Status
ActiveClosing Date