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Endeavour Mining prepares to settle $330 million of convertibles
By Mary-Katherine Stinson
Lexington, Ky., Feb. 13 – Endeavour Mining Corp. will settle its $330 million of convertible senior notes due Feb. 15 with a combination of cash and shares, according to a notice.
On Aug. 11 the company elected to settle the principal amount of $330 million in cash but any contingent premium due will be settled in ordinary shares.
Endeavour has made application for 835,268 ordinary shares of the company to be admitted to trading on the London Stock Exchange.
When issued, these new shares will rank pari passu with existing shares.
Endeavour Mining is a London-based intermediate gold producer focused on developing gold mines in West Africa with a registered office in George Town, Cayman Islands.
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