Teranga Gold Acknowledges Discussions

TORONTO, Nov. 10, 2020 (GLOBE NEWSWIRE) — Teranga Gold Corporation ("Teranga" or the "Company") (TSX: TGZ) (OTCQX: TGCDF) acknowledges that it is in discussions with Endeavour Mining Corporation regarding a potential merger of equals structured transaction (the “Proposal”).

There can be no assurance that the Proposal will ultimately result in a completed transaction. Teranga intends to provide updates if and when necessary in accordance with applicable securities laws.

Teranga remains focused on the development of its strong growth pipeline of assets, as the Company strengthens its position as a low-cost, mid-tier gold producer in West Africa. Teranga’s strategy is to maximize shareholder value by increasing sustainable long-term free cash flow through diversification and growth while remaining fiscally conservative.

Forward-Looking Statements This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"), which reflects management’s expectations regarding Teranga’s future growth opportunities, results of operations, […]

Click here to view original web page at au.news.yahoo.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.