Endeavour Silver Announces At-The-Market Offering of up to US$35.7 Million
Endeavour Silver Announces At-The-Market Offering of up to US$35.7 Million
VANCOUVER, British Columbia, June 13, 2018 -- Endeavour Silver Corp. (NYSE:EXK) (TSX:EDR) (the “ Company” or
“Endeavour”) is pleased to announce it has entered into a sales agreement dated June 13, 2018 (the “ Sales Agreement ”)
with BMO Capital Markets (the lead agent), CIBC Capital Markets, H.C. Wainwright & Co., HSBC and TD Securities Inc.
(together, the “Agents”) pursuant to which the Company may, at its discretion and from time-to-time during the term of the
Sales Agreement, sell, through the Agents, such number of common shares of the Company (“ Common Shares”) as would
result in aggregate gross proceeds to the Company of up to US$35.7 million (the “Offering”). Sales of Common Shares will be
made through “at -the-market distributions” as defined in the Canadian Securities Administrators’ National
Instrument 44-102-Shelf Distributions , including sales made directly on the New York Stock Exchange (the “ NYSE”), or any
other recognized marketplace upon which the Common Shares are listed or quoted or where the Common Shares are traded
in the United States. The Common Shares will be distributed at the market prices prevailing at the time of each sale and, as a
result, prices may vary as between purchasers and during the period of distribution. No offers or sales of Common Shares will
be made in Canada on the Toronto Stock Exchange (the “TSX”) or other trading markets in Canada.
The Offering will be made by way of a prospectus supplement dated June 13, 2018 to the Company’s existing US registration
statement on Form F-10 (the “Registration Statement ”) and Canadian short form base shelf prospectus (the “ Base Shelf
Prospectus”), each dated April 10, 2018. The prospectus supplement relating to the Offering has been filed with the securities
commissions in each of the provinces of Canada (other than Québec) and the United States Securities and Exchange
Commission. The US prospectus supplement (together with a related Registration Statement) is available on the SEC's
website (www.sec.gov) and the Canadian prospectus supplement (together with the related Base Shelf Prospectus) will be
available on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com. Alternatively, BMO
Capital Markets will provide copies of the US prospectus upon request by contacting BMO Capital Markets (c/o BMO Capital
Markets Corp., Attention: Equity Syndicate Department, 3 Times Square, New York, NY 10036, or by telephone at (800) 414-
3627, or by email: [email protected]).
Net proceeds of the Offering, if any, together with the Company’s current cash resources and free cash flow, will be used to
advance its Terronera project and for general corporate purposes.
The Company will pay the Agents compensation, or allow a discount, of up to 2.25% of the gross sales price per Common
Share sold under the Sales Agreement.
Sales under the Sales Agreement remain subject to necessary regulatory approvals, including the approval of the TSX and the
NYSE.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale
of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdiction.
About Endeavour – Endeavour Silver Corp. is a mid-tier precious metals mining company that operates three high -grade,
underground, silver-gold mines in Mexico. The Company is forecasting 20% production growth to 10.2 -11.2 million oz silver
equivalent in 2018. Endeavour is currently developing its fourth high-grade, underground, silver-gold mine in Mexico and has a
compelling pipeline of exploration and development projects to facilitate its goal to become a premier senior silver producer.
Our philosophy of corporate social integrity creates value for all stakeholders.
SOURCE Endeavour Silver Corp.
Contact Information
Galina Meleger, Director, Investor Relations
Toll free: (877) 685-9775
Tel: (604) 640-4804
Fax: (604) 685-9744
Email: [email protected]
Website: www.edrsilver.com
Cautionary Note Regarding Forward-Looking Statements
Some of the statements contained in this release are forward -looking statements within the meaning of the United States
Securities Act of 1933, as amended, and the United States Securities Exchange Act of 1934, as amended, and
forward-looking information within the meaning of Canadian securities laws, such as statements that describe the anticipated
offering of securities under the Company’s Base Shelf Prospectus and Registration Statement, the anticipated use of
proceeds from any offering made under the Company’s Base Shelf Prospectus and Registration Statement, and other
statements. Since forward-looking statements are not statements of historical fact and address future events, conditions and
expectations, forward-looking statements by their nature inherently involve unknown risks, uncertainties, assumptions and
other factors well beyond the Company’s ability to control or predict. Actual events, results and developments may differ
materially from those contemplated by such forward -looking statements. Material factors that could cause actual events to
differ materially from those described in such forwarding -looking statements include risks related to the Company’s condition
requiring anticipated use of proceeds to change, timing of, and ability to obtain, required regulatory approvals, and general
economic and regulatory changes.
These forward-looking statements represent the Company’s views as of the date of this release. There can be no assurance
that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from
those anticipated in such statements. Readers should not place undue reliance on any forward-looking statements.