Endeavour Announces Receipt of Final Approvals for Teranga Transaction
ENDEAVOUR ANNOUNCES RECEIPT OF FINAL APPROVALS FOR TERANGA TRANSACTION
George Town, February 3, 2021 – Endeavour Mining ( Endeavour ) (TSX: EDV) (OTCQX: EDVMF) is pleased to announce that it has received all of the regulatory approvals required for its acquisition of Teranga Gold Corporation (“Teranga”) (TSX:TGZ; OTCQX:TGCDF), as announced on November 16, 2020. As such, Endeavour expects to close the acquisition on or around February 8, 2021.
Endeavour received written confirmation from the Minister of Innovation, Science and Industry stating that the acquisition has been approved under the Investment Canada Act, thereby satisfying the applicable condition in the Arrangement Agreement (the “Arrangement”). In addition, Teranga received the final order from the Ontario Superior Court on January 29, 2021, approving the plan of arrangement.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains statements which constitute forward-looking information within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Endeavour with respect to future business activities and operating performance. Forward-looking information is often identified by the words may , would , could , should , will , intend , plan , anticipate , believe , estimate , expect or similar expressions and includes information regarding the delisting of the common shares of Teranga and the application of Teranga to cease to be a reporting issuer.
Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Endeavour management s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at
Canadian regulators eye Reddit rally, vow to act if manipulation identified bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Anita Balakrishnan
A customer checks on his cellphone as he walks to a GameStop store in Vernon Hills, Ill., Thursday, Jan. 28, 2021. THE CANADIAN PRESS/AP, Nam Y. Huh February 01, 2021 - 2:56 PM
TORONTO - The Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada warned Monday that they will act if they see manipulative trading as social media platforms like Reddit continue to drive stock market volatility.
The regulators released a joint statement on Monday saying that they will take appropriate regulatory action to protect investors if they identify abusive or manipulative trading.
The regulators said they are monitoring markets in real time with strong market oversight and surveillance. The statement also said that the CSA and IIROC are in close contact with international regulators, recognizing that trading and market volatility is not confined by borders.
TORONTO — The Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada warned Monday that they will act if they see manipulative trading as social media . . .