Endurance Gold Corp.: Announces Private Placement of $500,000
![Endurance Gold Corp.: Announces Private Placement of $500,000](https://www.minenportal.de/media/goldseiten-news.jpg)
If the volume weighted average trading price of the common shares of the Company is $0.20 per share or greater for ten consecutive trading days at any time after four months and one day from Closing, the Company may, upon giving notice to the warrant holders, accelerate the expiry date of the Warrants to a date that is 30 days from the date of such notice.
The gross proceeds from the Offering will be used to fund the Company’s exploration activities and for general working capital purposes.
The Offering is subject to regulatory acceptance. The securities issued in the financing will be subject to a statutory hold period of four months plus one day from the Closing. 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.
Cash Finders' fees in the amount of 7.0% may be paid in connection with certain subscriptions under the private placement.
Not for distribution to United States newswire services or for dissemination in the United States
ENDURANCE GOLD CORPORATION
Robert T. Boyd
Per: President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707
info@endurancegold.com
www.endurancegold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.
NEWS RELEASE 14 -17