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BRIEF-Endeavour Silver agrees to buy Oro Silver, El Compas Gold-Silver mine from Canarc

Published 2016-05-09, 07:10 a/m
© Reuters.  BRIEF-Endeavour Silver agrees to buy Oro Silver, El Compas Gold-Silver mine from Canarc
EDR
-

May 9 (Reuters) - Endeavour Silver EDR.TO
* Endeavour will pay Canarc CAD$10.5 million
* Endeavour will assume Canarc's obligation to pay an
aggregate of 165 troy ounces of gold from production to marlin
Gold Mining Ltd
* Will pay Canarc by issuing 2,147,239 common shares of
ENDEAVOUR at a deemed issue price of CAD$4.89
* Transaction was approved by independent members of
Endeavour board
* Signs definitive agreement to acquire Oro Silver Resources
and its El Compas gold-silver mine property and leased plant
from Canarc Resource

Source text for Eikon: ID:nMKWKfL8Xa
Further company coverage: EDR.TO

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