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Endeavour Silver Announces Expansion into Peru with Acquisition of Minera Kolpa, Copper Stream and Bought Deal Financing
The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within ...
About this update from Endeavour Silver Corp.
[{"type":"text","content":"Endeavour Silver Announces Expansion into Peru with Acquisition of Minera Kolpa, Copper Stream and Bought Deal Financing\n\n\n\n The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+\n \n\n\n All dollar amounts are stated in United States (U.S.) Dollars unless otherwise noted.\n \n\n\n VANCOUVER, British Columbia, April 01, 2025 (GLOBE NEWSWIRE) --\n \n Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR)\n \n is pleased to announce it has entered into a definitive share purchase agreement (the “\n \n Agreement\n \n ”) to acquire all of the outstanding shares of Compañia Minera Kolpa S.A. (“\n \n Minera Kolpa\n \n ”), and its main asset, the Huachocolpa Uno Mine (“\n \n Kolpa\n \n ”), from its shareholders, which are affiliates of Arias Resource Capital Management and Grupo Raffo (collectively, the “\n \n Shareholders\n \n ”), in exchange for total consideration of $145 million. The total consideration will be comprised of $80 million payable in cash and $65 million payable in common shares of Endeavour (“\n \n Shares\n \n ”) upon closing (the “\n \n Transaction\n \n ”). In addition, as part of the Transaction, Endeavour has agreed to pay up to an additional $10 million in contingent payments, payable in cash, upon the occurrence of certain events and will also add approximately $20 million in net debt which will remain outstanding and repayable by Minera Kolpa.\n \n\n The cash consideration will be funded through a combination of net proceeds from a new copper purchase agreement on copper produced from Kolpa (the “\n \n Copper Stream\n \n ”) with Versamet Royalties Corporation (“\n \n Versamet\n \n ”), a bought deal financing consisting of Shares (the “\n \n Bought Deal Financing\n \n ”), and cash on hand.\n \n\n\n Endeavour will host a conference call and webcast to discuss the Transaction at 10:00 a.m. Pacific Time today. Details are provided at the end of this news release.\n \n\n\n Minera Kolpa is a silver-focused polymetallic mining company with operations located in the districts of Huachocolpa and Santa Ana in the province and department of Huancavelica, approximatel...