Mexican Government Decrees Restart of Non-Essential Activities Such as Mining in Areas with No or Low SARS-CoV2 Virus Cases on
Mexican Government Decrees Restart of Non-Essential Activities Such as
Mining in Areas with No or Low SARS-CoV2 Virus Cases on May 18, 2020;
Endeavour Silver Files Final Base Shelf Prospectus
VANCOUVER, British Columbia, April 29, 2020 -- Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) announces that the
Mexican government has decreed an extension of the suspension of all non-essential activities until May 30, 2020. However,
the suspension of activities will cease to be applicable as of May 18, 2020 in municipalities that present low or no known
cases or transmission of the SARS-CoV2 virus, subject to criteria to be defined by the Secretariat of Health.
Mining was previously deemed by the Mexican health authority to be a non-essential activity, leading Endeavour to suspend
its three mining operations on April 1, 2020. However, the Company’s three mines are located in municipalities with low or no
transmission of the SARS-CoV2 virus. Therefore, Endeavour now anticipates reopening its mines around May 18, 2020,
pursuant to the government decree. The Company has also filed applications for exemptions to reopen earlier if feasible and
permitted.
Bradford Cooke, CEO, commented, “We look forward to bringing our mines back to production in a safe and orderly manner.
Naturally, we will continue to apply all aspects of our coronavirus plan to maintain the health of our people and the local
communities.”
“We also filed a new shelf prospectus in the USA as our previous one was due to expire. The new shelf prospectus has a two-
year life and expedites our access the Canadian and US capital markets for debt and equity financings. For example, it
should facilitate the financing we need to construct the high grade Terronera project which has the potential to become our
next core asset.”
Base Shelf Prospectus
Endeavour also announces the filing of a final short form base shelf prospectus (“Prospectus”) to provide the Company with the
flexibility to take advantage of debt, convertible debt, equity and other financing opportunities that may arise during the
25-month effective period of the Prospectus. The Company’s existing base shelf prospectus dated April 10, 2018 has been
withdrawn.
The Prospectus has been filed in each of the provinces and territories of Canada, except Quebec, and a corresponding shelf
registration statement on Form F-10 (“Registration Statement”) was also filed with the United States Securities and Exchange
Commission (“SEC”). These filings enable offerings of common shares, warrants, subscription receipts, debt and convertible
debt securities or units of up to an aggregate initial offering price of CAD$150 million at any time during the period the
Prospectus is effective.
Copies of the Registration Statement and the Prospectus contained therein can be obtained by contacting Endeavour Silver at
Suite 1130 -609 Granville Street, Vancouver, British Columbia V7Y 1G5, Attention: Daniel Dickson, Chief Financial Officer.
Copies of the Prospectus and the Registration Statement are also available at www.sedar.com and www.sec.gov, respectively.
This press release does not constitute an offer to sell any securities 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. If any securities are offered under the
Prospectus or Registration Statement the terms of any such securities and the intended use of any net proceeds will be
established at the time of any such offering and will be described in a Prospectus supplement filed with the applicable
Canadian securities regulatory authorities and the SEC at the time of any such an offering and would be made available by
Endeavour at the above address.
About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates
three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project
towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile 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
Email: [email protected]
Website: www.edrsilver.com
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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 describes the uncertainty
of the ultimate impact of the SARS-CoV2 pandemic on operations, the ability to restart operations on May 18, 2020 or earlier,
the anticipated offering of securities under the Company's Prospectus and Registration Statement, the future effectiveness of
the Company's Prospectus and Registration Statement, the anticipated use of proceeds from any offering made under the
Company's 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 ultimate impact of the SARS-CoV2 pandemic on operations, the
risks in restarting operations on May 18, 2020 or earlier, Company's Registration Statement not becoming effective, 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.