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Endeavour Mining Corp Closes Sale Of Non-core Finkolo JV To Resolute Mining Limited


Monday, 28 Oct 2013 05:00pm EDT 

Endeavour Mining Corporation announced it has closed the main portion of the previously announced sale of its non-core 40% interest in the Finkolo Joint Venture in Mali to Resolute Mining Limited for net proceeds of approximately $16 millionin cash (after payment of applicable capital gains taxes). A further payment of $3 million is expected upon the transfer of one remaining area to Resolute. By mutual agreement, the closing date for the Finkolo transaction had been extended several times to allow for satisfaction of all transfer approvals from the State of Mali. 

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