Crew Gold Corporation (TSX:CRU) (OSLO:CRU) announced with reference to the Endeavour Financial Luxembourg SARL announcement, that the company has purchased 37.9% of the Company’s issued and outstanding common shares in a market transaction.
The press release is quoted as saying:
In connection with the transaction, the Company has agreed to appoint three nominees of Endeavour to the Board of Directors, including Frank Giustra and Neil Woodyer, to join three of the existing Board members. Cameron Belsher will remain as Chairman.
