Sept 21 (Reuters) - Endeavour Mining Corp EDV.TO :
* Press release - Endeavour Mining announces strategic, long-term African gold
partnership with Naguib Sawiris and La Mancha
* Says Endeavour will acquire La Mancha's indirect 55 percent interest in Société des Mines D'ity S.A.
* Says entered into a long term strategic partnership with La Mancha Holding
S.Ar.L.
* Says La Mancha will contribute US$63 million cash(1) into the acquired
businesses
* La Mancha has also expressed an in-principle commitment to invest up to $75
million in additional funds to support endeavour's growth
* On a pro forma basis, Endeavour will have an annual gold production rate of
580,000 ounces from five operations across west Africa
* Says the transaction is value accretive
* Upon completion of deal, La Mancha to be issued about 177.1 million Endeavour
ordinary shares representing 30.0% of enlarged share capital
* At closing, Sebastien De Montessus, president and CEO of La Mancha, will join
Endeavour in the newly created position of president
* Says plans to seek approval from shareholders to consolidate its issued
shares on a one 'new' for ten 'old' basis.
* Intends to request approval from ASX Limited for its removal from the
official list of the Australian securities exchange
* Further company coverage EDV.TO