Endeavour silver corp. announces us$40 million bought deal financing

Vancouver, british columbia, march 15, 2022 (globe newswire) -- endeavour silver corp. (“endeavour” or the “company”) (tsx: edr, nyse: exk) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “underwriters”) led by bmo capital markets and pi financial corp., pursuant to which the underwriters have agreed to buy on a bought-deal basis 8,081,000 common shares of the company (the “common shares”), at a price of us$4.95 per common share for aggregate gross proceeds of approximately us$40 million (the “offering”). the company has granted the underwriters an option, exercisable in whole or in part for a period of 30 days following the closing of the offering, to purchase up to an additional 15% of the common shares offered under the offering to cover over-allotments, if any.
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