Business
Endeavour appointed as project finance advisor to Augusta Resource Corporation
Endeavour appointed as project finance advisor to Augusta Resource Corporation
About this update from Alaska Hydro Corp.
[{"type":"text","content":"\n\n\n\nOct. 14, 2009 (Canada NewsWire Group) -- GEORGE TOWN, Grand Cayman, Oct. 14 /CNW/ -- Endeavour Financial Corporation (\"Endeavour\" or the \"Corporation\") is pleased to announce that its subsidiary Endeavour Financial International Corporation has been appointed as exclusive financial advisor to Augusta Resource Corporation (\"Augusta\" or the \"Company\") with respect to financing the Rosemont copper project in Arizona.Endeavour will work with Augusta to ensure the Company meets its financing strategy of maximizing the amount of finance available. It is expected that the majority of the estimated US$900 million capital cost for the Rosemont copper project, Arizona can be funded from a range of conventional and innovative sources of finance, including but not limited to equipment related financing, concentrate off-take financing and bank debt financing.Neil Woodyer, Chief Executive Officer commented \"Our team of professionals will work closely with Augusta's project finance team to implement the proposed financing strategy and will work diligently to secure optimal financing terms\".About Endeavour Financial CorporationEndeavour is an independent merchant banking company focused on the global natural resources sector. The Corporation offers advisory services in project, corporate and debt capital markets; equity financings; mergers and acquisitions; and strategic business development. Endeavour also provides equity and bridge loans in support of clients, transactions, and other market opportunities. Accessing its global industry networks, Endeavour creates and launches new growth companies as both an advisor and investor.Endeavour Financial Corporation is listed on the Toronto Stock Exchange, symbol EDV. Warrants are listed on the Toronto Stock Exchange, symbol EDV.WT.A.For additional information, please visit our corporate website, www.endeavourfinancial.comOn behalf of Endeavour Financial Corporation\"Bill Koutsouras\"Bill KoutsourasExecutive Vice President & Chief Financial 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 Financial Corporation. Forward- looking information, specifically, that concerning future performance,...