Business
Endeavour announces signing of a US$100 million acquisition facility with UniCredit
Endeavour announces signing of a US$100 million acquisition facility with UniCredit
About this update from Endeavour Mining Plc
[{"type":"text","content":"\n\n\n\n Jun. 25, 2010 (Canada NewsWire Group) -- Endeavour Financial Corporation ("Endeavour" or the "Corporation") is pleased to announce the signing of a US$100 million Acquisition Facility (the "Facility").\nThe Facility is provided by UniCredit Bank AG, London Branch. The key elements of the Facility are a 3 year term and a US$100 million revolving credit limit that allows Endeavour multiple drawn-down and repayments over the term.\nNeil Woodyer, Chief Executive Officer commented "We're pleased to have access to this Facility, which provides Endeavour with financial flexibility to fund new acquisitions or capital investments in our present or potential operations, as we continue to expand our gold strategy."\n\nAbout Endeavour Financial Corporation\n\nEndeavour is a gold investment company with active, strategic investments in gold producing companies. Endeavour also has a merchant banking business that adds the manpower, skills and market & industry intelligence to drive the primary gold investment business. The merchant banking business offers financial advice (debt, equity, M&A and strategic business development) and financings to natural resource clients. Accessing its global industry networks, Endeavour creates and launches new growth companies as both an advisor and investor.\nEndeavour Financial Corporation is listed on the Toronto Stock Exchange, symbol EDV. Warrants are listed on the Toronto Stock Exchange, symbol EDV.WT.A.\nFor additional information, please visit our corporate website at www.endeavourfinancial.com\nAbout UniCredit Bank AG\nUniCredit Group is one of Europe's largest financial institutions and has been an active mining finance house for over 20 years catering to the needs of its diverse and broad client base. Its deep rooted industry and sector knowledge, coupled with its expertise in complementary banking and risk management services, makes UniCredit Group a strong partner in financing the mining and metals industries. UniCredit Group is a major international financial institution with strong roots in 22 European countries as well as representative offices in 27 other markets, with over 10,000 branches and approximately 170,000 employees.\n\nOn behalf of Endeavour Financial Corporation\n\n"Bill Koutsouras"\n\nBill Koutsouras\nExecutive Vice Preside...