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.