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Endurance Gold Corp V.EDG

Alternate Symbol(s):  ENDGF

Endurance Gold Corporation is a Canada-based precious metals exploration and development company. The Company is focused on the acquisition, exploration and development of prospective North American mineral properties. Its projects include Reliance Gold Project, Elephant Mountain Gold Project, Bandito REE-Niobium Project, McCord Gold Project and Flint Lake Gold JV. The Reliance Gold Project is located 4 kilometers (km) east of the village of Gold Bridge. The Elephant Mountain Project consists of three properties, including Elephant, Trout and Wolverine located in the Rampart-Eureka-Manley Hot Springs placer gold mining district near Eureka, Alaska. The Flint Lake Gold JV project is located approximately 58 kilometers southeast of the town of Kenora, in northwestern Ontario. It owns a 100% interest in the Bandito property, which is 3,700 hectares in size and located in the Yukon, 155 km east of Watson Lake, 60 km northeast of the airstrip, and road head at Smith Falls, British Columbia.


TSXV:EDG - Post by User

Post by LowMooron Feb 25, 2021 7:46pm
125 Views
Post# 32667545

Might see a drop tomorrow with PP

Might see a drop tomorrow with PP

Endurance arranges $2-million private placement

 

2021-02-25 19:38 ET - News Release

 

Mr. Robert Boyd reports

ENDURANCE GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Endurance Gold Corp. intends to complete a non-brokered private placement to raise gross proceeds of up to $2-million through the sale of up to 6,452,000 units at 31 cents per unit. The Offering is not subject to any minimum aggregate subscription.

Each Unit will consist of one common share (each, a " Share") and one-half non-transferable common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share of the Company at an exercise price of $0.50 for a period of two years from the date of issuance thereof. Proceeds raised from the sale of the Units will be used by the Company for exploration activities and for general corporate purposes. The Offering is made to accredited investors within the meaning of National Instrument 45-106. Finders' fees may be payable in connection with the sale of the Units in accordance with the policies of the TSX Venture Exchange (the " Exchange"). Certain directors and/or officers of the Company intend to participate in the private placement and their holdings of securities of the Company will increase as a result.

The Company is also pleased to announce that it has engaged Agentis Capital Mining Partners (" Agentis") to provide financial advisory and capital markets advisory services. Both the completion of the Offering and the shares issued for services in the Agentis engagement agreement are subject to the Exchange's acceptance and all securities issued in connection with the Offering and the Agentis engagement agreement are subject to Exchange's Hold Period as defined in the Exchange's policy.


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