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Endeavour Mining and True Gold Mining Shares Higher as
12:00 PM EDT, 04/26/2016 (MT Newswires) -- Endeavour Mining (EDV.TO) shares are higher on the news that the company has completed the acquisition of True Gold Mining (TGM.V).
Pursuant to a court-approved plan of arrangement, shareholders of True Gold received 0.044 of an Endeavour ordinary share for each True Gold common share held. In addition, La Mancha Holding exercised its anti-dilution right to maintain its 30% stake and invested CDN$82.6 million via an equity placement for 7,546,777 Endeavour ordinary shares.
