June 29, 2017 / 12:23 PM / in 6 months

BRIEF-Endeavour Mining to acquire Avnel to further strengthen its high-quality project pipeline

June 29 (Reuters) - Avnel Gold Mining Ltd

* Endeavour Mining to acquire Avnel to further strengthen its high-quality project pipeline

* Avnel Gold Mining Ltd - Transaction values Avnel at $122 million

* Avnel Gold Mining Ltd - Transaction will be value accretive on a net asset value basis to Endeavour shareholders

* Avnel Gold Mining Ltd - Boards of directors of both Endeavour and Avnel have unanimously approved transaction

* Avnel Gold Mining Ltd - ‍Endeavour also intends to launch a new exploration program to capture additional potential​

* Avnel Gold Mining Ltd says Avnel shareholders will receive 0.0187 of an Endeavour share for each Avnel share held Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below