Endeavour, True Gold shareholders approve merger

The shareholders of Canadian gold producers Endeavour Mining and True Gold have approved the proposed merger of the companies on Thursday, paving the way for the creation of a new West Africa-focused intermediate gold producer, with a portfolio of low-cost producing assets spread across Côte d’Ivoire, Mali, Burkina Faso and Ghana. Endeavour had early in March moved to acquire True Gold for its 90% interest in Burkina Faso's Karma project, in an all-scrip deal valued at about C$191-million.