The investment, which was announced as part of the acquisition of Teranga Gold Corporation on November 16, 2020, is being made by La Mancha under its pre-existing anti-dilution right.

Following completion of the investment, Endeavour now has 252,519,830 shares outstanding with La Mancha holding an interest of approximately 19%.

Midday Wednesday, Endeavour’s stock was up 5% on the TSE. The company has a C$6.19 billion market capitalization.

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