February 04, 2009
On February 4, 2009, Endeavour Financial Corporation (TSX: EDV) completed an offering of units for gross proceeds of $115,005,750. The units were sold through a syndicate of underwriters co-led by GMP Securities L.P. and Canaccord Capital Corporation. Each unit consisted of one common share and one-half of one common share purchase warrant with each warrant entitling the holder to purchase one additional common share of Endeavour, at a price of $2.50 per share, for a period of five years following the closing date. Endeavour intends to use the net proceeds from the offering for investments in the natural resource sector.
Wildeboer Dellelce LLP acted for the underwriters in connection with the offering with a team that included Perry Dellelce, James Brown, Irene Kim, Patrick Magee and Rebecca Ma (corporate/securities), and Kevin Fritz and Andrea Shreeram (tax).