|June 25, 2010|
Endeavour Announces Signing of a US$100 Million Acquisition Facility with Unicredit
|George Town, Grand Cayman, June 25, 2010 -- Endeavour Financial Corporation ("Endeavour" or the "Corporation") is pleased to announce the signing of a US$100 million Acquisition Facility (the "Facility"). |
The Facility is provided by UniCredit Bank AG, London Branch. The key elements of the Facility are a 3 year term and a US$100 million revolving credit limit that allows Endeavour multiple drawn-down and repayments over the term.
Neil Woodyer, Chief Executive Officer commented "We're pleased to have access to this Facility, which provides Endeavour with financial flexibility to fund new acquisitions or capital investments in our present or potential operations, as we continue to expand our gold strategy."
About Endeavour Financial Corporation
Endeavour is a gold investment company with active, strategic investments in gold producing companies. Endeavour also has a merchant banking business that adds the manpower, skills and market & industry intelligence to drive the primary gold investment business. The merchant banking business offers financial advice (debt, equity, M&A and strategic business development) and financings to natural resource clients. Accessing its global industry networks, Endeavour creates and launches new growth companies as both an advisor and investor.
Endeavour Financial Corporation is listed on the Toronto Stock Exchange, symbol EDV. Warrants are listed on the Toronto Stock Exchange, symbol EDV.WT.A.
For additional information, please visit our corporate website at www.endeavourfinancial.com
About UniCredit Bank AG
UniCredit Group is one of Europe's largest financial institutions and has been an active mining finance house for over 20 years catering to the needs of its diverse and broad client base. Its deep rooted industry and sector knowledge, coupled with its expertise in complementary banking and risk management services, makes UniCredit Group a strong partner in financing the mining and metals industries. UniCredit Group is a major international financial institution with strong roots in 22 European countries as well as representative offices in 27 other markets, with over 10,000 branches and approximately 170,000 employees.
On behalf of Endeavour Financial Corporation
Executive Vice President and 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 statements relating to the future performance of Endeavour Financial Corporation. Forward-looking statements, specifically those concerning future performance, are 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 additional information, contact:
Stephen Roberts, Director -- Investor Relations & Business Development, (604) 609-6130
Vanguard Shareholder Solutions, 1-866-341-4111 or (604) 608-0824
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