Endeavour Closes Common Stock Offering
March 31 2011 - 2:00AM
UK Regulatory
TIDMENDV
Endeavour Announces Closing of Common Stock Offering and Full
Exercise of Over-Allotment Option
HOUSTON, March 31, 2011 -- Endeavour International Corporation (NYSE:
END) (LSE: ENDV) today announces the closing of its previously-announced
public offering of 11,500,000 shares of its common stock, which includes
1,500,000 shares issued and sold pursuant to the full exercise of the
underwriters' over-allotment option. Endeavour intends to use the net
proceeds from the offering to retire all $81.3 million of its 6% Convertible
Senior Notes due 2012. The remaining net proceeds will be used for general
corporate purposes.
Citigroup Global Markets Inc. acted as sole book-running manager for the
offering. Canaccord Genuity Inc., C. K. Cooper & Company, Global Hunter
Securities, LLC and Rodman & Renshaw, LLC acted as co-managers for the
offering. Copies of the prospectus supplement and the accompanying base
prospectus may be obtained from:
Citigroup Global Markets Inc.
Attention: Prospectus Department
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, NY 11220
Phone: (800) 831-9146
batprospectusdept@citi.com
A copy of the prospectus supplement and base prospectus may also be
obtained at no charge at the Securities and Exchange Commission's website, at
www.sec.gov.
This press release is neither an offer to sell, nor a solicitation of an
offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
jurisdiction. A registration statement, as amended, relating to the
securities has been filed with the Securities and Exchange Commission and was
declared effective on February 9, 2010.
Endeavour International Corporation is an independent oil and gas company
engaged in the production, exploration, development and acquisition of crude
oil and natural gas in the U.S. and the North Sea.
Certain statements in this news release should be regarded as
"forward-looking" statements within the meaning of the securities laws. These
statements speak only as of the date made. Such statements are subject to
assumptions, risk and uncertainty. Actual results or events may vary
materially.
Investors are urged to also consider closely the disclosure in our
filings with the SEC, available from our website at www.endeavourcorp.com.
Endeavour is also subject to the requirements of the London Stock Exchange
and considers the disclosures in this release to be appropriate and/or
required under the guidelines of that exchange.
SOURCE Endeavour International Corporation
CONTACT: Investor Relations, Mike Kirksey, +1-713-307-8788, or Darcey
Matthews, +1-713-307-8711, both of Endeavour; or UK Media, Philip Dennis,
+44(0)207 861 3919, or Henry Lerwill, +44(0)207 861 3169, both of Pelham Bell
Pottinger, for Endeavour International Corporation
END
Endeavour (LSE:ENDV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Endeavour (LSE:ENDV)
Historical Stock Chart
From Jul 2023 to Jul 2024