Endeavour Mining and Adamus Resources Complete Merger
December 19 2011 - 2:31AM
PR Newswire (Canada)
Toronto Stock Exchange: EDV
Australian Securities
Exchange: EVR MONACO AND PERTH, Western Australia, Dec. 19, 2011
/CNW/ - Endeavour Mining Corporation ("Endeavour" or the
"Corporation") and Adamus Resources Limited ("Adamus") are pleased
to announce the successful completion of the scheme of arrangement
("Merger") by which Endeavour has acquired all of the issued
ordinary shares of Adamus. As of today, and including the
129,340,958 shares issued as consideration under the Merger for the
former shareholders of Adamus, Endeavour has 244,609,949 shares
issued and outstanding. Endeavour is also pleased to announce
that Ian Cunningham, the Company Secretary of Adamus, has also been
appointed as Corporate Secretary of Endeavour. Confirmations of
holdings will shortly be sent to the former Adamus shareholders
receiving the Merger consideration in the form of CHESS Depository
Interests ("CDIs") or shares. The Endeavour CDIs will commence
trading on a normal settlement basis on the ASX from the start of
trading on December 20, 2011 and the ASX will remove Adamus from
the official list from the close of trading on December 20, 2011
(in both cases, Australian Eastern Daylight Time). About Endeavour
Mining Corporation Endeavour is a growth focused West African gold
production and exploration company led by an accomplished
management team. With attributable reserves totalling 2.0
million ounces, Endeavour is currently producing gold at a rate of
180,000 ounces per year from two operating mines (Nzema in Ghana
and Youga in Burkina Faso). With a near-term mine
construction decision (Agbaou, Côte d'Ivoire) and an extensive 2012
exploration program, Endeavour's goal is to produce approximately
250,000 ounces of gold per year from the end of 2013 from existing
properties. Endeavour also has an acquisition growth strategy
focused on West Africa and is targeting the acquisition of
additional gold production by the end of 2013. Endeavour Mining
Corporation is listed on the TSX (symbol EDV) and the ASX (symbol
EVR). On behalf of Endeavour Mining Corporation and Adamus
Resources Limited "Neil Woodyer" "Mark Connelly" Neil Woodyer Chief
Executive Officer Mark Endeavour Mining Corporation Connelly
Director Endeavour Mining Corporation Adamus PO Box 1793 ∙ Cayman
Corporate Centre ∙ 1st Floor Resources 27 Hospital Road Limited
George Town ∙ Grand Cayman KY1 1109 ∙ Cayman Islands Tel: +1 345
946 7603 ∙ Fax: +1 345 946 7604 Adamus www.endeavourmining.com
Resources Limited Level 2 A Cayman Islands exempted company with
limited liability ∙ 45 ARBN 153 067 639 Richardson Street West
Perth ∙ Western Australia 6005 Tel: +61 8 9322 5943 ∙ Fax: +61 8
9322 5907 ABN 80 094 543 389 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. Endeavour Mining Corporation CONTACT:
Stephen Roberts, Senior Vice President - Investor Relations +1604
6096130, sroberts@endeavourmining.comorVanguard Shareholder
Solutions +1 866 341 4111 or +1 604 6080824,
investor@endeavourmining.com
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