Endeavour Mining Corporation: Endeavour Shareholders Vote Overwhelmingly in Favour of The Arrangement Agreement with Teranga
OF THE ARRANGEMENT AGREEMENT WITH TERANGA
George Town, January 21, 2021 - Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) ("Endeavour") is pleased to announce that Endeavour's shareholders have voted overwhelmingly in favour of the resolution in support of the plan of arrangement (the "Arrangement") pursuant to which Endeavour will indirectly acquire all of the common shares of Teranga Gold Corporation ("Teranga").
Sebastien de Montessus, Endeavour President & CEO, commented:
"We are pleased to have the continued strong support of our shareholders as we take this important step to create a new top 10 senior global gold producer which will offer a very appealing investment proposition. The combined entity will boast a high-quality portfolio of mines and projects, sustainable dividends, a healthy balance sheet, strong cash flow generation and an improved capital markets profile. We look forward to closing the transaction and quickly integrating our highly complementary assets to unlock the anticipated material synergies."