VANCOUVER, Dec. 1, 2015 /CNW/ - Endeavour Mining
Corporation ("Endeavour Mining") (TSX:EDV) (ASX:EVR) (OTCQX:EDVMF)
refers to its announcement dated November
30, 2015 advising that it had implemented the consolidation
of its current capital (the "Consolidation") on the basis of ten
(10) pre-Consolidation shares for one (1) post-Consolidation share
effective November 27, 2015.
With instruction from the Australian Securities Exchange ("ASX"),
the indicative timetable below has been updated and the last day
for trading in pre-Consolidation CDIs has changed to December 3, 2015, from December 2, 2015 in the previous timetable.
The Consolidation timetable for the Toronto Stock Exchange ("TSX")
remains unchanged.
Endeavour Mining advises the key date for the Consolidation for
holders of shares listed on the TSX is as follows:
All materials
necessary to effect the Consolidation have been filed with the TSX
and, subject to TSX approval, it is expected that the shares will
commence trading on the TSX on a consolidated basis on or about
December 2, 2015 under the symbol "EDV"
|
Endeavour Mining advises the key dates for the Consolidation for
holders of CDIs listed on the ASX are as follows:
Key
Event
|
Indicative
Date
|
Last day for trading
in pre-Consolidation CDIs
|
December 3,
2015
|
Trading in the
post-Consolidation CDIs on a deferred settlement basis
commences
|
December 4,
2015
|
Last day for
Endeavour Mining to register transfers on a pre-Consolidation
basis
|
December 8,
2015
|
First day for
Endeavour Mining to send notice of Consolidation to each CDI
holder
First day for
Endeavour Mining to register CDIs on a post-Consolidation
basis
First day for issue
of holding statements and new certificates
|
December 9,
2015
|
Issue date. Deferred
settlement market ends
Last day for CDIs to
be entered into the CDI holders' holdings
Last day for
Endeavour Mining to send notice of Consolidation to each CDI
holder
|
December 14,
2015
|
Endeavour Mining will notify the market if there are any changes
to these timetables.
About Endeavour Mining Corporation
Endeavour Mining is
a Canadian-based intermediate gold mining company producing 580,000
ounces per year from five mines in West Africa. Endeavour
Mining is focused on effectively managing its existing assets to
maximize cash flow as well as pursuing organic and strategic growth
opportunities that benefit from its management and operational
expertise.
On behalf of Endeavour Mining Corporation
Neil Woodyer
Chief Executive Officer
This news release contains "forward-looking statements"
including but not limited to, statements with respect to Endeavour
Mining's plans and operating performance, the estimation of mineral
reserves and resources, the timing and amount of estimated future
production, costs of future production, future capital
expenditures, and the success of exploration activities. Generally,
these forward-looking statements can be identified by the use of
forward-looking terminology such as "expects", "expected",
"budgeted", "forecasts" and "anticipates". Forward-looking
statements, while based on management's best estimates and
assumptions, are subject to risks and uncertainties that may cause
actual results to be materially different from those expressed or
implied by such forward-looking statements, including but not
limited to: risks related to the successful integration of
acquisitions; risks related to international operations; risks
related to general economic conditions and credit availability,
actual results of current exploration activities, unanticipated
reclamation expenses; changes in project parameters as plans
continue to be refined; fluctuations in prices of metals including
gold; fluctuations in foreign currency exchange rates, increases in
market prices of mining consumables, possible variations in ore
reserves, grade or recovery rates; failure of plant, equipment or
processes to operate as anticipated; accidents, labour disputes,
title disputes, claims and limitations on insurance coverage and
other risks of the mining industry; delays in the completion of
development or construction activities, changes in national and
local government regulation of mining operations, tax rules and
regulations, and political and economic developments in countries
in which Endeavour Mining operates. Although Endeavour Mining has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Please refer to
Endeavour Mining's most recent Annual Information Form filed under
its profile at www.sedar.com for further information
respecting the risks affecting Endeavour Mining and its
business.
SOURCE Endeavour Mining Corporation