Montreal, Quebec, June 26, 2020 – SEMAFO Inc. (TSX, OMX: SMF) (“SEMAFO”) announced that Endeavour Mining Corporation (“Endeavour”) has received notice from the Minister of Innovation, Science and Economic Development that no order will be made under section 25.3(1) of the Investment Canada Act for a review of the previously announced plan of arrangement (the “Arrangement”) pursuant to which Endeavour will acquire all of the issued and outstanding shares of SEMAFO.
As all regulatory and other approvals have now been obtained, SEMAFO and Endeavour are proceeding to complete the Arrangement as expeditiously as possible.
SEMAFO is a Canadian-based intermediate gold producer with over twenty years' experience building and operating mines in West Africa. The Corporation operates two mines, the Boungou and Mana Mines in Burkina Faso. SEMAFO is committed to building value through responsible mining of its quality assets and leveraging its development pipeline.