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Endeavour Silver Commences All Cash Offer to Acquire Cream Minerals
Oct. 04, 2010 03:43PM PST
Silver InvestingEndeavour Silver Corp. (TSE:EDR) reports that it has began its formal offer to purchase all of the outstanding common shares of Cream Minerals Ltd. (CVE:CMA). Endeavour is offering Cream shareholders Cdn. $0.12 in cash for each common share, which represents a 76% premium to the average closing price of the Cream shares of $0.068 per share on […]
Endeavour is offering Cream shareholders Cdn. $0.12 in cash for each common share, which represents a 76% premium to the average closing price of the Cream shares of $0.068 per share on the TSX Venture Exchange for the 10 trading days ending September 24, 2010, the last trading day prior to the date of Endeavour’s announcement of intent to make the Offer.
For complete news release, click here.
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