The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

ENDEAVOUR COMPLETES SHARE SALE IN RESPECT OF FORMER U.S. HOLDERS OF ETRUSCAN COMMON SHARES

Tuesday, September 21, 2010

ENDEAVOUR COMPLETES SHARE SALE IN RESPECT OF FORMER U.S. HOLDERS OF ETRUSCAN COMMON SHARES13:21 EDT Tuesday, September 21, 2010 Toronto Stock Exchange: EDV GEORGE TOWN, Grand Cayman, Sept. 21 /CNW/ - Endeavour Mining Corporation ("Endeavour") is pleased to announce that Computershare Investor Services Inc. (the "Depositary") has advised the Company that the share sale on behalf of all former U.S. holders of common shares of Etruscan Resources Inc. ("Etruscan") has been completed.  Accordingly, all former U.S. holders of Etruscan's common shares are encouraged to complete their letters of transmittal (available at Etruscan's profile on www.sedar.com) and return their letters of transmittal along with underlying share certificates to the Depositary in order to receive their consideration pursuant to Endeavour's acquisition of Etruscan (the "Etruscan Acquisition"). Important Notice to U.S. Shareholders Due to U.S. securities law considerations, Endeavour did not offer or distribute its securities in the United States or to, or for the account or benefit of, U.S. Persons or persons in the United States ("U.S. Holders") in respect of the Etruscan Acquisition, except in very limited circumstances.  U.S. Holders of Etruscan shares are not entitled to receive Endeavour shares and will instead receive the CDN$0.26 in cash plus the pro rata proceeds of the sale by the Depositary of the Endeavour shares that U.S. Holders would have been entitled to receive.  The Depositary has now effected the sale of all such Endeavour shares through the facilities of the Toronto Stock Exchange.  Endeavour will pay the costs and fees of the Depositary and brokers in connection with such sales. Payment to the U.S. Holders will be based on the average sale price received for such sales. A letter of transmittal was mailed on September 10, 2010 to all registered Etruscan shareholders and is also available at Etruscan's profile at www.sedar.com or by contacting Endeavour directly.  All U.S. Holders should return a completed letter of transmittal and the certificates formerly representing the Etruscan shares together with such other documentation, if any, as provided for in the letter of transmittal to the Depositary at the address specified in the Letter of Transmittal (or give instructions to their broker to do so, if their shares are registered in street form) as soon as possible, in order to receive their cash payment representing their pro rata interest in the proceeds from the sale of such Endeavour shares. About Endeavour Mining Corporation Endeavour is a gold producer.  Endeavour also holds an extensive exploration land position and various advanced-stage development gold projects in West Africa.  Endeavour has a global strategy, supported by financial resources and management's company building expertise, to grow into an intermediate gold producer through strategic acquisitions. The common shares of Endeavour Mining Corporation are traded on the Toronto Stock Exchange under the symbol "EDV". On behalf of Endeavour Mining Corporation "Bill Koutsouras" Bill KoutsourasExecutive Vice President & 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 information relating to the future performance of Endeavour Mining Corporation. Forward-looking information, specifically, that concerning future performance, is 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 further information: <p align="justify">Bill Koutsouras, Executive Vice President and CFO +377 97 98 7130<br/>email: <a href="mailto:bkoutsouras@endeavourmining.com">bkoutsouras@endeavourmining.com</a></p> <p align="justify">Stephen Roberts, Director -- Investor Relations +1 (604) 609-6130<br/>email: <a href="mailto:Sroberts@endeavourmining.com">sroberts@endeavourmining.com</a></p> <p align="justify">or</p> <p align="justify">Vanguard Shareholder Solutions 1-866-341-4111 or (604) 608-0824<br/>email: <a href="mailto:investor@endeavourmining.com">investor@endeavourmining.com</a></p>