Endeavour Silver to Raise $73 Million to Develop Pitarrilla Project
EXKEndeavour Silver(EXK) ZACKS·2024-11-25 22:25

Endeavour Silver Corp. (EXK) announced that it has entered into a bought-deal agreement to offer 15,825,000 common shares for $4.60 per share to a syndicate of underwriters led by BMO Capital Markets. This move will help Endeavour Silver raise approximately $73 million toward the advancement of its Pitarrilla project in Mexico.The offering is expected to close around Nov. 27, 2024, subject to regulatory approvals. The underwriters have a 30-day option to buy an additional 10% of shares to cover over allotme ...