Endeavour Announces Public Offering of Common Stock
June 13 2012 - 2:00AM
UK Regulatory
TIDMENDV
Endeavour Announces Public Offering of Common Stock
HOUSTON, June 13, 2012 -- 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
+1-646-264-5600
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
CONTACT: Investor Relations, Endeavour, Mike Kirksey, +1-713-307-8700,
Darcey Matthews, +1-713-307-8711
END
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