By Sheri Kasprzak
Atlanta, Dec. 23 - Endeavour Silver Corp. said Thursday it plans to raise C$1.16 million in a private placement.
The brokered portion of the offering includes 312,500 units at C$1.60 each.
The units are comprised of one share and one warrant. The warrants allow for an additional share at C$2.10 for one year or C$2.30 for two years.
The non-brokered portion of the deal includes up to 412,500 units at C$1.60 each under the same terms.
Leede Financial Markets Inc. is the placement agent in the offering.
Based in Vancouver, B.C., Endeavour is a silver exploration and mining company. It plans to use the proceeds from the deal for working capital.
| Issuer: | Endeavour Silver Corp.
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| Issue: | Units of one share and one warrant
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| Amount: | C$1.16 million
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| Shares: | 725,000
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| Price: | C$1.60
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| Warrants: | One warrant per unit
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| Warrant expiration: | Up to two years
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| Warrant strike price: | C$2.10 for one year; C$2.30 for two years
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| Placement agent: | Leede Financial Markets Inc.
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| Announcement date: | Dec. 23
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| Stock price: | C$1.439 at close Dec. 22 (last trade)
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