Endeavour Mining removes itself from ASX
The company will also move its Investor Relations and Administrative offices from Vancouver to Paris, where the office will be lead by Executive Vice President of Strategy and Business Development Vincent Benoit, who joined the company in November and has 25 years of corporate finance experience.
Company officials described the move as an attempt to consolidate the company's strengths, sever lagging components, maximize cash flow and promote organic growth.
"We are starting 2016 with a continued focus on corporate efficiency," CEO Steve Woodyer said. "Today we are completing the ASX delisting process. This reduces our administrative, compliance and legal expenses, which could no longer be justified given the low levels of trading on the ASX relative to our TSX listing."
Endeavour officials said the company will continue to be listed on the Toronto Stock Exchange and the OTCQX over the counter exchange.