Investments of Sun Valley Gold LLC in EDVInvestments of Sun Valley Gold LLC in Endeavour Mining Capital Corp.
Friday May 25, 3:48 pm ET.
VANCOUVER, May 25 /CNW/ - Sun Valley Gold LLC ("Sun Valley") announced today that in connection with purchases made up to and including April 30, 2007, it purchased, on behalf of client accounts over which it has discretionary trading authority, an aggregate 1,818,080 common shares and 647,500 common share purchase warrants of Endeavour Mining Capital Corp. ("Endeavour"). Each common share purchase warrant is exercisable for one common share of Endeavour until November 10, 2008 at a price of $5.50 per share. Assuming the conversion of the warrants, Sun Valley would then hold an aggregate of 2,465,580 shares in Endeavour representing approximately 10.28% of the issued and outstanding shares of Endeavour on a partially diluted basis.
Sun Valley has purchased these securities for investment purposes, and may increase or decrease its beneficial ownership of securities of Endeavour depending upon future market conditions.
Sun Valley is a US-registered investment advisory firm which specializes in precious metals investment management and advisory services to institutional, professional, and private investors. Sun Valley utilizes a proprietary global database and state of the art warrant-based analytics to evaluate precious metals and mining opportunities.
For further information
Peter Palmedo, President, Sun Valley Gold LLC at (208) 726-2327
--------------------------------------------------------------------------------
Source: Endeavour Mining Capital Corp.