Agoracom: Small Cap Investment - Endeavour Mining Corp. - UPDATE 1-Acacia confirms merger talks with Endeavour Mining

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

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UPDATE 1-Acacia confirms merger talks with Endeavour Mining

posted on Jan 13, 2017 02:14PM

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2017-01-13 02:03:00 PM ET (Reuters)

(Adds comments, background)

Jan 13 (Reuters) - Gold miner Acacia Mining Plc said on Friday it was in early talks about a possible merger with Canadian gold miner Endeavour Mining Corp.

Acacia, which operates mines and exploration projects in Tanzania, Kenya, Burkina Faso and Mali, was responding to media reports.

The company added that there was no certainty of a deal.

Endeavour also confirmed preliminary discussions had taken place with Acacia.

Acacia had a market value of 1.72 billion pounds ($2.10 billion) as of Jan. 12, while Endeavour had a market value of C$ 2.18 billion ($1.66 billion).

Endeavour bought True Gold Mining Inc for about C$240 million in March, giving it access to a low-cost gold mine in Burkina Faso.

Gold prices are expected to rise in 2017 as geopolitics, deflationary pressure, more quantitative easing, negative interest rates, Brexit drive demand for the precious metal, which is seen as a safe haven. ($1 = 0.82 pounds) ($1 = 1.31 Canadian dollars) (Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Shounak Dasgupta and Sriraj Kalluvila)

Endeavour Mining Corporation

UPDATE 1-Acacia confirms merger talks with Endeavour Mining