The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

Endeavour Mining shareholders approve merger with Adamus

Friday, November 25, 2011

Endeavour Mining shareholders approve merger with Adamus09:00 EST Friday, November 25, 2011Toronto Stock Exchange: EDV GEORGE TOWN, Grand Cayman, Nov. 25, 2011 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV) is pleased to announce that, at a special meeting ("Meeting") of the Corporation's shareholders held earlier today, the Share Issuance Resolution in connection with the merger between Endeavour and Adamus Resources Limited ("Adamus") (ASX:ADU) (the "Merger") was overwhelmingly approved with 99.59% approval from shareholders represented at the Meeting.  Of the Corporation's 114,674,946 issued and outstanding shares as of the October 17, 2011 record date, 63,224,088 shares were represented at the Meeting.The completion of the Merger remains subject to approval from Adamus shareholders at a meeting scheduled to be held on November 28, 2011 in Perth, Australia and from the Federal Court of Australia at a hearing scheduled for December 2, 2011.Neil Woodyer, CEO, stated: "We thank our shareholders and appreciate the strong support demonstrated by them at today's meeting. In the three months since announcing the merger with Adamus, the management teams from Endeavour and Adamus have been working very well together.  We are looking forward to integrating our plans and are excited about the new Endeavour driving increased value for shareholders as a rapidly growing gold producer."About Endeavour Mining CorporationEndeavour 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.On August 21, 2011, Endeavour and Adamus announced they have entered into a definitive Merger Implementation Agreement to combine through an all-stock merger of equals transaction creating a new growth focused West African gold producer.The common shares of Endeavour Mining Corporation are traded on the Toronto Stock Exchange under the symbol "EDV".On behalf of Endeavour Mining Corporation"Neil Woodyer"Neil WoodyerChief Executive OfficerThe 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: Stephen Roberts, Senior Vice President - Investor Relations (604) 609-6130, sroberts@endeavourmining.com or Vanguard Shareholder Solutions 1-866-341-4111 or (604) 608-0824, investor@endeavourmining.com