Endeavour Silver Corp. Announces US$73 Million Bought Deal Financing

Core Points - Endeavour Silver Corp. has entered into an agreement with underwriters led by BMO Capital Markets to sell 15,825,000 common shares at a price of US$4.60 per share, resulting in gross proceeds of approximately US$73 million [1][2] - The net proceeds from the offering will be used for general working capital and the advancement of the Pitarrilla Project [2] - The offering is expected to close on or about November 27, 2024, pending necessary regulatory approvals [2] Offering Details - The common shares will be offered in all provinces of Canada (except Quebec) and in the United States under a prospectus supplement to a base shelf prospectus [3] - An option has been granted to underwriters to purchase up to an additional 10% of the common shares to cover over-allotments [1] - A final base shelf prospectus has been filed with securities regulatory authorities in Canada, and copies will be available through BMO Capital Markets [4][5] Company Overview - Endeavour Silver Corp. is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and a new cornerstone mine in Jalisco State [7] - The company aims to become a premier senior silver producer and has a portfolio of exploration projects in Mexico, Chile, and the United States [7]