Endeavour Silver Closes Sale of El Cubo Mine to VanGold Mining
(TSX: EDR, NYSE: EXK) (“ Endeavour”) announces that it has now closed the sale of the El Cubo Mine in Guanajuato, Mexico to VanGold Mining Corp. (“ VanGold”) for $15 million in cash and share payments plus up to $3 million in future contingent payments (all dollar amounts in US dollars unless otherwise noted) (the “ Transaction”). $7.5 million cash on closing. $5.0 million (C$6,399,317.40) in VanGold common shares (“ VanGold Shares”) on closing, priced at $0.2344 (C$0.30) per VanGold Share for a total of 21,331,058 VanGold Shares (“ Consideration Shares”) representing appr...
Source: marketscreener.com