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Dec 3 (Reuters) - Endeavour Mining Corp:
* ENDEAVOUR MINING SEEKS ENGAGEMENT WITH CENTAMIN
* SEEKING TO ENGAGE WITH CENTAMIN BOARD TO REACH AGREEMENT ON TERMS OF RECOMMENDED ALL-SHARE MERGER BETWEEN COS
* SUBMITTED A FORMAL PROPOSAL TO CENTAMIN ON NOVEMBER 25, 2019
* PROPOSAL VALUES ENTIRE ISSUED SHARE CAPITAL OF CENTAMIN AT APPROXIMATELY CAD2,522 MILLION OR GBP1,467 MILLION
* IN PROPOSAL, SENT TO CENTAMIN ON NOV 25, ENDEAVOUR PROPOSED EXCHANGE RATIO OF 0.0846 ENDEAVOUR SHARES FOR EACH CENTAMIN SHARE
* CO INITIALLY WROTE TO CENTAMIN CHAIRMAN & CEO IN OCT 2018, PROPOSING AN ALL-SHARE MERGER BETWEEN COS
* CO'S SHAREHOLDERS WOULD OWN ABOUT 52.9% AND CENTAMIN SHAREHOLDERS WOULD OWN ABOUT 47.1% OF COMBINED GROUP'S SHARE CAPITAL AS PER PROPOSAL
* ENDEAVOUR'S OCTOBER 2018 PROPOSAL WAS UNEQUIVOCALLY REJECTED WITHIN 24 HOURS
* AS MEANINGFUL ENGAGEMENT HAS STILL NOT BEEN FORTHCOMING, CO ANNOUNCING PROPOSAL TERMS TO EN COURAGE CENTAMIN BOARD TO ENGAGE IN TALKS
* PROPOSAL ENVISAGED BOARD, MANAGEMENT OF COMBINED GROUP WOULD BE SELECTED WITH REPRESENTATION FROM ENDEAVOUR & CENTAMIN
* SUBSEQUENTLY WROTE TO CENTAMIN BOARD AGAIN ON NOVEMBER 11, PROPOSING AN ALL-SHARE MERGER
* ANNOUNCING TERMS OF ITS PROPOSAL IN ORDER TO ALLOW CENTAMIN SHAREHOLDERS OPPORTUNITY TO CONSIDER PROPOSAL
* OPEN TO DISCUSS STRUCTURE FOR MERGER WITH CENTAMIN, GIVEN POSSIBLE BENEFITS OF RETAINING LONDON LISTING FOR COMBINED ENTITY
* PUSU DEADLINE FOR ENDEAVOUR TO MAKE A FIRM OFFER OR WALK AWAY IS DECEMBER 31
* CENTAMIN'S RESPONSE TO 2019 PROPOSAL WAS TO REFUSE TO DISCUSS PROSPECTS FOR DEAL BEFORE EXECUTION OF STANDSTILL & NON-DISCLOSURE AGREEMENTS Source text for Eikon: Further company coverage:
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