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Nov 16 (Reuters) - Endeavour Mining Corp:
* ENDEAVOUR AND TERANGA ANNOUNCE COMBINATION TO CREATE NEW SENIOR GOLD PRODUCER
* EXCHANGE RATIO OF 0.470X REPRESENTS A PREMIUM OF 5.1% BASED ON CLOSING PRICE ON NOVEMBER 13, 2020
* LA MANCHA COMMITS TO INJECT $200 MILLION IN COMBINED ENTITY
* ENDEAVOUR MINING - TO ACQUIRE ALL ISSUED, OUTSTANDING SECURITIES OF TERANGA BY WAY OF PLAN OF ARRANGEMENT UNDER CANADA BUSINESS CORPORATIONS ACT
* ENDEAVOUR MINING - ENDEAVOUR, TERANGA SHAREHOLDERS WILL OWN ABOUT 66%, 34%, RESPECTIVELY, OF COMBINED CO ON A FULLY DILUTED IN-THE-MONEY BASIS
* ENDEAVOUR MINING - TERANGA COMMON SHARES WILL BE EXCHANGED AT A RATIO OF 0.470 ENDEAVOUR ORDINARY SHARES FOR EACH ONE TERANGA COMMON SHARE
* TRANSACTION IS IMMEDIATELY ACCRETIVE TO OUR SHAREHOLDERS ON A NAV BASIS AND BROADLY CFPS AND EPS NEUTRAL OVER NEXT 2 YEARS Source text for Eikon: Further company coverage:
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