11:44 AM EST - Endeavour Silver Corp. : said it filed a preliminary short form prospectus in Canada in connection with an agency offering of units to raise $16.05 million. Each Unit is priced at $3.00 and will consist of one common share and one half of one common share purchase warrant, each whole warrant exercisable at $3.60 to purchase one common share for a term of two years from the closing date. The company noted that the offering will be conducted through a syndicate of agents led by Salman Partners and including CIBC World Markets Inc., Haywood Securities Inc., and PI Financial Corp. The company has agreed to grant the Agents an over-allotment option to purchase up to that number of additional Units of Endeavour equal to 15% of the Units sold pursuant to the Offering, exercisable at any time, in whole or in part, up to 30 days from the closing of the Offering. If the Over-Allotment Option is exercised in full, the total gross proceeds to Endeavour will be approximately $18.45 million. Endeavour Silver Corp.
shares T.EDR are trading down $0.30 at $3.14.
