Stikeman Elliott Reps Endeavour In $319M Adamus Deal

Law360, New York (August 22, 2011, 9:52 PM EDT) -- Canada’s Endeavour Mining Corp. on Monday announced a tie-up valued at $319 million with Australia-based Adamus Resources Ltd., which would create a $515 million company focused on gold production in West Africa.

The all-stock merger provides Adamus shareholders with 0.285 shares for each Adamus share and directs an additional $160 million to finance a major Adamus mining project in Ghana. Endeavour will exchange roughly $319 million in shares to Adamus shareholders, The Canadian Press reported.

"This combination will create a stronger and better positioned company with...
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