Details of the acquisition were previously announced by news release dated May 9, 2016.
In connection with the acquisition, Endeavour has issued 2,147,239 common shares to Canarc, and has assumed Canarc’s obligation to pay an aggregate of 165 troy ounces of gold to Marlin Gold Mining Ltd.
Endeavour is a mid-tier precious metals mining company that owns three high grade, underground, silver-gold mines in Mexico.
Since start-up in 2004, the Company has grown its mining operations to produce 11.4 million ounces of silver and equivalents in 2015.
The Company finds, builds and operates quality silver mines in a sustainable way with the goal of creating value for all stakeholders.
