The Prospector News

Endeavour Silver Corp. Announces Full Exercise and Closing of Over-Allotment Option

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Endeavour Silver Corp. Announces Full Exercise and Closing of Over-Allotment Option

 

 

 

 

 

Endeavour Silver Corp. (TSX: EDR) (NYSE: EXK) is pleased to announce that, further to its prospectus offering of common shares of the Company which closed on April 8, 2025, the Underwriters (as defined below) have exercised their over-allotment option, in full, to purchase an additional 1,285,000 Common Shares at a price of US$3.88 per Common Share. Upon closing of the Over-Allotment Option, the Company received additional gross proceeds of US$4,985,800, resulting in total gross proceeds from the Offering of approximately US$50.0 million.

 

The Offering was led by BMO Capital Markets, as sole bookrunner, together with a syndicate of underwriters consisting of TD Securities Inc. and Raymond James Ltd.

 

As previously announced, the Company plans to use the net proceeds of the Offering to fund part of the purchase price of the previously announced acquisition of all of the outstanding shares of Compañia Minera Kolpa S.A., and its main asset, the Huachocolpa Uno Mine, from subsidiaries of its shareholders Arias Resource Capital Management and Grupo Raffo, in exchange for total consideration of US$145 million. In the event the Transaction is not completed for any reason, the Company will have discretion with respect to the use of net proceeds from the Offering.

 

Closing of the Transaction remains subject to Toronto Stock Exchange and New York Stock Exchange regulatory approvals, as well as customary closing conditions, and is expected to occur within 60 days.

 

About Endeavour Silver Corp.

Endeavour is a mid-tier precious metals company with a strong commitment to sustainable and responsible mining practices. With operations in Mexico and the development of the new cornerstone mine in Jalisco State, the Company aims to contribute positively to the mining industry and the communities in which it operates. In addition, Endeavour has a portfolio of exploration projects in Mexico, Chile and the United States to facilitate its goal to become a premier senior silver producer.

Posted April 16, 2025

Share this news article

MORE or "UNCATEGORIZED"


Silver Elephant Received US$1.4 Million in Cash Proceeds from Apuradita Silver Concentrate Sales in 2026

Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P... READ MORE

August 21, 2026

Bunker Hill and Silver47 Announce Merger to Create a ‘Made in America’ U.S. Silver & Critical Minerals Champion

Bunker Hill Mining Corp. (TSX: BNKR) (OTCQB: BHLL), and Silver47 ... READ MORE

August 21, 2026

Goliath Reports Multiple Holes Up To 7.38 g/t AuEq Over 35.7 Meters, Including 19.51 g/t AuEq Over 8.32 Meters at the High-Grade Gold Surebet Discovery that Remains Open for Expansion, Golden Triangle, B.C.

Drill hole GD-26-436 from the Surebet Zone, intersected an extens... READ MORE

August 21, 2026

IMPACT Silver Reports Q2 2026 Results: Revenue Increased by 124%, Gross Profit up 756% on Silver Leverage, Higher Grades

IMPACT Silver Corp. (TSX-V: IPT) (OTCQB: ISVLF) (FSE: IKL) anno... READ MORE

August 21, 2026

Osisko Gold Announces Amendment to US$450 Million Appian Credit Facility and Satisfaction of Key Technical Conditions Precedent Following Successful Completion of the Lowhee Infill Drill Program at the Cariboo Gold Project

HIGHLIGHTS Appian confirms satisfaction of certain key technical ... READ MORE

August 21, 2026

Copyright 2026 The Prospector News