McCarthy Tétrault LLP advised Endeavour on the transaction.
On March 30, 2021, Endeavour Mining Corporation (Endeavour) completed its previously announced US$200 million investment by La Mancha Holding s.a.r.l. (La Mancha).
Endeavour issued a total of 8,910,592 ordinary shares to La Mancha for aggregate net proceeds of US$200 million. The placement was announced on November 16, 2020 in connection with Endeavour’s combination with Teranga Gold Corporation. Following completion of the investment, La Mancha now holds approximately 19% of Endeavour.
Endeavour, is a TSX-listed West African gold producer that operates four mines across Côte d’Ivoire and Burkina Faso.
La Mancha, is a privately owned investment company focusing on opportunities primarily in the precious metals mining sector across multiple geographies.
The McCarthy Tétrault’s team was led by Eva Bellissimo (Picture) and Shea Small, including Michael Shahinian and Firuz Rahimi.
Law Firms: McCarthy Tétrault;
Clients: Endeavour Mining Corporation;