Endeavour Financial Closes Equity Offering

Endeavour Financial Corp. completed a public offering on February 4, 2009 of 64,975,000 units at a price of $1.77 per unit to raise gross proceeds of $115,005,750 pursuant to a short-form prospectus. Each unit consists of one common share and one-half of one common share purchase warrant, each whole warrant entitling the holder to purchase one common share of Endeavour at a price of $2.50 per common share for a period of five years from the closing of the offering.

Endeavour was represented by Neville McClure, John Anderson and Lisa Trienis of Stikeman Elliott LLP's Vancouver office, with assistance from Kenneth Sam and Jason Brenkert of Dorsey & Whitney LLP's Denver office.

The offering was underwritten by a syndicate co-led by GMP Securities L.P. and Canaccord Capital Corp. represented by Perry Dellelce, James Brown, Irene Kim and Andrea Shreeram (tax) of Wildeboer Dellelce LLP.


Perry N. Dellelce Kenneth G. Sam John F. Anderson Andrea Shreeram Irene Kim James Brown Lisa Trienis Neville J. McClure