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Endeavour Mining Announces Closing of the Private Placement of Convertible Senior Notes
George Town, February 6, 2018 - Endeavour Mining Corporation (TSX: EDV) announces that it has closed the previously announced private placement of convertible s
About this update from Endeavour Mining Plc
[{"type":"text","content":"George Town, February 6, 2018 - Endeavour Mining Corporation (TSX: EDV) announces that it has closed the previously announced private placement of convertible senior notes due 2023 (the \"Notes\") for an aggregate principal amount of USD 300 million. In addition, the initial purchasers exercised today the over-allotment option, for an aggregate principal amount of USD 30 million, which is expected to close on or about February 8, 2018. IMPORTANT NOTE This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any shares issuable upon conversion of the Notes. The offer and sale of the Notes and the shares, if any, due upon conversion have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or the securities laws of any other jurisdiction, and the Notes and the shares, if any, due upon conversion may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offering of the Notes, or the shares, if any, due upon conversion in the United States. Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended (\"MiFID II\"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the \"MiFID II Product Governance Requirements\"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any \"manufacturer\" (for the purposes of the MIFID II Product Governance Requirements) may otherwise have with respect thereto, the Notes have been subject to a product approval process, which has determined that: (i) the target market for the Notes is eligible counterparties and professional clients only, each as defined in MiFID II; and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the Notes (a \"distributor\") should take into consideration the manufacturers' target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (b...