M&A - ENDEAVOUR SILVER CORP

Form Type: SUPPL

Filing Date: 2025-04-03

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925031726

Filing Summary: Endeavour Silver Corp. is filing a prospectus supplement dated April 3, 2025, which qualifies the distribution of 11,600,000 common shares at a price of U.S.$3.88 per share, totaling approximately U.S.$45 million. The shares are being sold under an underwriting agreement with several underwriters including BMO Nesbitt Burns Inc. Endeavour intends to use the proceeds mainly to finance an acquisition of all outstanding shares of Compañía Minera Kolpa S.A. for U.S.$145 million, comprising U.S.$80 million in cash and U.S.$65 million in common shares. Additionally, contingent payments of up to U.S.$10 million may be made based on specific events. The acquisition is anticipated to close in the first half of 2025, contingent on customary regulatory approvals. The shares will be offered in Canada and the U.S., with applications for listing on the Toronto Stock Exchange and New York Stock Exchange pending. The offering also comes with an over-allotment option allowing underwriters to acquire additional shares if needed, expected to close no later than May 15, 2025.

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Form Type: SUPPL

Filing Date: 2025-04-01

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925030237

Filing Summary: On April 1, 2025, Endeavour Silver Corp. entered into a share purchase agreement with affiliates of Arias Resource Capital Management and Grupo Raffo to acquire all the issued and outstanding shares of Compañía Minera Kolpa S.A. The acquisition price totals U.S.$145 million, comprised of U.S.$80 million in cash and U.S.$65 million payable in common shares. Additionally, Endeavour has agreed to pay up to U.S.$10 million in contingent payments upon certain events and will add approximately U.S.$20 million in debt from Kolpa. Funding for the acquisition will come from the net proceeds of a concurrent offering as well as cash on hand. The acquisition is expected to close in the first half of 2025, subject to customary closing conditions and regulatory approvals.

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