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Court Approves Endeavour Financial Acquisition Of Etruscan Resources 45% Minority Interest - Quick Facts
August 25, 2010, Wednesday, 00:05 GMT | 19:05 EST | 04:35 IST | 07:05 SGT
(RTTNews) - Etruscan Resources Inc. (EET.TO) announced that the Supreme Court of Nova Scotia has approved the plan of arrangement whereby Endeavour Financial Corp. (EDV.TO) will acquire the remaining 45% of Etruscan common shares that it does not already own. Etruscan shareholders voted in favour of the Arrangement at a Special Meeting of Shareholders held last week.
Under the Arrangement, Etruscan shareholders will receive C$0.26 in cash plus 0.0932 of an Endeavour share for each Etruscan share. It is anticipated that the Arrangement will be concluded on or about September 10, 2010.
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