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ENDEAVOUR IS FINANCIAL ADVISOR ON BAJA MINING'S US$858 MILLION FINANCING FACILITY FOR THE DEVELOPMENT OF THE BOLEO PROJECT
ENDEAVOUR IS FINANCIAL ADVISOR ON BAJA MINING'S US$858 MILLION FINANCING FACILITY FOR THE DEVELOP...
About this update from Endeavour Mining Plc
[{"type":"text","content":"\n\n\n\n Sep. 30, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n Toronto Stock Exchange: EDV\n \n\n GEORGE TOWN, Grand Cayman, Sept. 30 /CNW/ - Endeavour Mining Corporation\n ("Endeavour") is pleased to announce the role of its subsidiary,\n Endeavour Financial International Corporation ("EFIC"), as Financial\n Advisor for US$823 million of senior and subordinated project finance\n facilities (the "Debt Facilities") and a US$35 million equity\n convertible cost overrun support facility (the "Equity Convertible") for\n the construction and development of the Boleo copper/cobalt project in\n Baja California Sur, Mexico.  EFIC is advising Baja Mining Corp.'s\n ("Baja") 70% owned project company, Minera y Metalurgica del Boleo S.A.\n de C.V. ("MMB").  MMB is 30% owned by a consortium of major Korean\n corporations.\n \n\n David Street, Managing Director of Debt Finance stated, "Endeavour\n wishes to congratulate Baja and its management team, and we are very\n proud of our contribution to their success with this financing. \n Financing conditions remain challenging for large greenfield projects,\n but Boleo is a very strong project and we have managed to attract a very\n high quality banking consortium for this financing."\n \n\n The US$823 million of Debt Facilities, representing the entire amount of\n debt financing required to develop the Boleo Project, will be provided\n to MMB by The Export-I...