Endeavour Increases Its Ity Mine Ownership From 80% to 85%

World News: . []

In exchange for the additional 5% interest in the Ity mine (relating to the Société des Mines d'Ity and Société des Mines de Daapleu entities), Endeavour granted DYD International Holding Limited, a company owned by Didier Drogba, 1,072,305 common shares amounting to a total consideration of approximately US$15 million (CAD$20 million) based on the signing reference share price of C$18.50. The transaction was signed on December 21, 2018 and closed yesterday evening.

Following this transaction, Endeavour owns 85% of the Ity mine, with the Government of Cote d'Ivoire owning 10% and SODEMI (a government-owned mining company) owning the remaining 5%.

More news and information about Endeavour Mining Corporation

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Globe Newswire: 13:44 GMT Friday 11th January 2019

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