Endeavour Silver Completes US$16 Million Financing

Endeavour Silver (NYSE:EXK) has completed its previously announced at-the-market offering for proceeds of US$16 million.
As quoted in the press release:

The funds will be used to advance exploration and development of the Terronera project, expedite brownfields exploration and development programs at existing mines, and add to working capital.

Endeavour CEO Bradford Cooke said:

We are pleased to have completed this financing as it significantly strengthens our balance sheet and helps fund our growth projects. In particular, we have initiated an aggressive exploration program at the Terronera project to significantly expand the resources. This should allow us to model a larger, more economically robust high grade, underground silver-gold mine and complete the engineering work needed to deliver a pre-feasibility study.

Click here for the full press release.