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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (33453)	2/5/2009 10:11:19 PM
From: Madharry	Read Replies (1) \| Respond to of 78702

George Town, Grand Cayman - Endeavour Financial Corporation ("Endeavour" or the "Corporation") announced today that it has completed its previously announced public offering of 64,975,000 Units (the "Units") at a price of $1.77 per Unit, which includes the over-allotment option granted by the Corporation, to raise gross proceeds of $115,005,750 pursuant to a short form prospectus (the "Offering"). The Offering was underwritten by a syndicate co-led by GMP Securities L.P. and Canaccord Capital Corporation (the "Underwriters"). Note lots of dillution as they tripled their shares outstanding, but I think they should make 40% returns on capital from here.