Business
ENDEAVOUR COMPLETES ACQUISITION OF 100% OF ETRUSCAN TO BECOME OPERATING GOLD PRODUCER
ENDEAVOUR COMPLETES ACQUISITION OF 100% OF ETRUSCAN TO BECOME OPERATING GOLD PRODUCER
About this update from Endeavour Mining Plc
[{"type":"text","content":"\n\n\n\n Sep. 10, 2010 (Canada NewsWire Group) -- \n\nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\n\n Toronto Stock Exchange: EDV\n \n\n GEORGE TOWN, Grand Cayman, Sept. 10 /CNW/ - Endeavour Financial\n Corporation ("Endeavour") is pleased to announce that Endeavour and\n Etruscan Resources Inc. ("Etruscan") concluded the arrangement today by\n which Endeavour acquired all of the shares of Etruscan that Endeavour\n did not already own (the "Arrangement").  Effective today, Endeavour\n owns 100% of the outstanding shares of Etruscan. \n \n\n Neil Woodyer, Chief Executive Officer commented: "This transaction\n transforms Endeavour into a gold operating company and we are pleased to\n welcome Etruscan shareholders as shareholders of Endeavour.  Endeavour\n is a gold company with unique resources and capabilities to grow into a\n significant intermediate gold mining company.  As part of this\n transformation, Endeavour is proposing to change its name to Endeavour\n Mining Corporation at an Endeavour shareholders meeting on September 14,\n 2010."\n \n\n Under the Arrangement, Etruscan shareholders (other than Endeavour and\n its affiliates) received CDN$0.26 in cash plus 0.0932 of an Endeavour\n share for each Etruscan share. Information was sent today to former\n Etruscan shareholders explaining how to exchange their Etruscan share\n certificates for cash and certificates for Endeavour common shares. \n Endeavour has issued 15,401,909 shares pursuant to the Arrangement and\n now has 113,266,237 shares outstanding.\n \n\n It is strongly recommended that all former Etruscan shareholders return\n a completed letter of transmittal (or give instructions to their broker\n to do so, if their shares are registered in street form) as soon as\n possible, in order to receive their cash and share entitlements for\n their Etruscan shares.  \n \n\n Important Notice to U.S. Shareholders\n \n\n Due to U.S. securities law ...