Crew Gold Corporation Announces Endeavour Financial Secondary Market Purchase
(Thomson Reuters ONE) - LONDON, United Kingdom: ("Crew" or "the Company") (TSX, OSE: CRU) Reference ismade to the announcement made by Endeavour Financial Luxembourg SARL, a whollyowned subsidiary of Endeavour Financial Corporation ("Endeavour") that it haspurchased 37.9% of the Company's issued and outstanding common shares in amarket transaction. Endeavour is a TSX listed integrated natural resourcemerchant banking company.Cameron Belsher, Chairman of Crew commented: "Endeavour's investmentdemonstrates the value potential for our LEFA asset in Guinea, West Africa. Weare tremendously excited to have the opportunity to work with Endeavour and be akey part of their stated strategy to create value through the building of astrong intermediate sized gold company. Access to Endeavour's strong financialand operational team will add considerable depth and experience to Crew andenhance Crew's ability to derive value from our principal asset at LEFA".In connection with the transaction, the Company has agreed to appoint threenominees of Endeavour to the Board of Directors, including Frank Giustra andNeil Woodyer, to join three of the existing Board members. Cameron Belsher willremain as Chairman. William LeClair Chief Executive OfficerSafe Harbour StatementCertain statements contained herein that are not statements of historical factmay constitute forward-looking statements and are made pursuant to applicableand relevant national legislation (including the Safe-Harbour provisions of theUnited States Private Securities Litigation Reform Act of 1995) in countrieswhere Crew is conducting business and/or investor relations. The words "expect","anticipate", "will", "believe" and "may", and other similar expressions, areoften, but not always used to identify forward-looking statements. Forward-looking statements included herein relate, but are not limited to,statements regarding (1) the value potential for the LEFA asset, (2) Endeavour'sstrategy to create value, (3) the expected impact of Endeavour's involvementwith Crew, and (4) the expected composition of Crew's board of directors.Forward-looking statements involve known and unknown risks, uncertainties andother factors that could cause actual events or results to be materiallydifferent from the events or results expressed or implied by suchforward-looking statements. In evaluating these statements, prospectivepurchasers should specifically consider various factors that may cause actualevents or results to be materially different from the events or resultsexpressed or implied by such forward-looking statements. Risk factors that couldimpact the Company include, without limitation, risks relating to operations andproduction levels at the LEFA gold mine. Although Crew has attempted to identifyimportant factors that could cause actual events or results to differ from thosedescribed in forward-looking statements contained herein, there can be noassurance that the forward-looking statements will prove to be accurate asactual events or results could differ materially from those anticipated in suchstatements.The material factors and assumptions used to develop forward-looking statementsinclude, without limitation, (1) the assumption that Endeavour will continue tohold the shares that it purchased of Crew for the foreseeable future, and (2)the assumption that Crew will remain a key part of Endeavour's gold sectorstrategy and that Endeavour will provide the expected access to its financialand operational team to Crew.Except as may be required by applicable law or stock exchange regulation, theCompany undertakes no obligation to update publicly or release any revisions tothese forward-looking statements to reflect events or circumstances after thedate of this document or to reflect the occurrence of unanticipated events.Accordingly, readers should not place undue reliance on forward-lookingstatements.[HUG#1378409] Crew Gold Corporation Announces Endeavour Financial Secondary Market Purchase: http://hugin.info/90/R/1378409/338952.pdf
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Datum: 28.01.2010 - 11:39 Uhr
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