Endeavour to Combine With Semafo to Create a Leading West African Gold Producer
All $ amounts are in US dollars unless otherwise stated · Creates top 15 global gold producer with +1 million ounces of gold production per year · Creates a leading West African gold producer with six operations and an attractive growth pipeline · Strengthens strategic positioning and enhances ability to manage risk · Offers ability to deliver significant synergies at corporate, country and asset level · Enhances capital market profile with greater ability to fund growth · Exchange ratio of 0.1422x represents a 27.2% premium to the 20-day VWAP for SEMAFO and is accretive