Endeavour Mining PLC (EDV)

[Pro-Life]

Endeavour Mining, True Gold Shareholders Clear Way For Merger

http://www.kitco.com/news/2016-04-22/Endeavour-Mining-True-Gold-Shareholders-Clear-Way-For-Merger.html

Friday April 22, 2016 08:07

Endeavour Mining (TSX: EDV; OTCQX: EDVMF) and True Gold Inc. (TSXV: TGM) report that their shareholders have approved terms of a previously announced agreement in which Endeavour will acquire True Gold. The official closing is expected to be Tuesday, pending exchange and British Columbia Supreme Court approvals, Endeavour says. True Gold has a 90% interest in the Karma gold mine in Burkina Faso. “We look forward to closing the True Gold transaction next week and expect then swiftly to integrate the Karma mine into our portfolio,” says Neil Woodyer, chief executive officer of Endeavour. “Following the first gold pour last week, the operational ramp-up is progressing well and commercial production is scheduled to begin in June. We expect to communicate our updated production guidance for 2016, inclusive of Karma, with our second quarter results."

By Allen Sykora of Kitco News; [e-mail]