HOUSTON, June 12, 2012 /PRNewswire/ -- Endeavour
International Corporation (NYSE: END) (LSE: ENDV) today announces
the commencement, subject to market conditions, of an underwritten
public offering of shares of its common stock. In addition,
Endeavour intends to grant the underwriter a 30-day option, solely
to cover over-allotments, to purchase additional shares of its
common stock.
Endeavour intends to use the net proceeds from the offering to
fund its current development operations. Any remaining net
proceeds will be used for general corporate purposes.
Global Hunter Securities, LLC is acting as sole book-running
manager for the offering. The offering will be made only by
means of a prospectus supplement and related base prospectus,
copies of which may be obtained from:
Global Hunter Securities, LLC
777 Third Avenue
New York, NY 10017
(646)264-5600
A copy of the preliminary 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.
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.
Endeavour International Corporation is an international oil
and gas exploration and production company focused on the
acquisition, exploration and development of energy reserves in the
North Sea and United States. For more information, visit
www.endeavourcorp.com.
SOURCE Endeavour International Corporation