Benzinga | Nov 10, 2020 08:43AM EST

Endeavour Mining Confirms It Is Discussions With Teranga Regarding A Potential Merger Of Equals Style Combination

ENDEAVOUR RESPONDS TO PRESS REPORT

George Town, November 10, 2020 -- Endeavour Mining Corporation ("Endeavour") (TSX:EDV) (OTCQX:EDVMF) notes the recent press coverage regarding a potential combination between Endeavour and Teranga Mining Corporation ("Teranga").

Endeavour confirms that it is in discussions with Teranga regarding a potential merger of equals style combination. These discussions may or may not result in an agreement in respect of a potential transaction and any transaction would only be pursued if the Board of Endeavour believed that it represented a compelling value creation opportunity for its shareholders. Endeavour does not intend to comment further unless required by applicable securities laws.