Sawiris Miscalculation!? No Wonder A BIG Share Buyback Program Was Reapproved30 Mar 2021 23:01
LUXEMBOURG, March 30, 2021
La Mancha Holding s.a.r.l. is pleased to announce the closing of the US$200 million subscription to Endeavour Mining Corporation ("Endeavour") (TSX:EDV) shares.
The placement was announced on November 16, 2020 in connection with Endeavour's combination with Teranga Gold Corporation.
Following completion of the subscription on March 30, 2021, La Mancha has received 8,910,592 common shares of Endeavour, at a unit price of approximately CAD $29.361 per share.
https://www.newswire.ca/news-releases/la-mancha-completes-us-200-million-investment-in-endeavour-at-c-29-36-per-share-842493904.html
My Thoughts:
Endeavour's closing price today was $ 24.20 CAD
That's gotta sting, even for a Billionaire