Endurance Gold Corporation: Announces Private Placement of $500,000
![Endurance Gold Corporation: Announces Private Placement of $500,000](https://www.minenportal.de/media/goldseiten-news.jpg)
The Offering is not subject to any minimum aggregate amount. 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 being made available to accredited investors and existing shareholders of the Company, who as of the close of business on April 6, 2015 held common shares of the Company (and who continue to hold common shares of the Company at the time of closing), pursuant to the prospectus exemptions set out in B.C. Instrument 45-534 and in similar instruments in other provinces of Canada. In accordance with the Existing Shareholder Exemption (currently not available in Ontario, Newfoundland and Labrador), the Company confirms there is no material fact or material change related to the Company which has not been generally disclosed.
Unless the Company determines to increase the gross proceeds of the Offering and receives Exchange approval for such increase, if subscriptions received for the Offering based on all available exemptions exceed the maximum Offering amount of $500,000, subscriptions will be accepted at the discretion of the Company. If the Offering is oversubscribed, subscriptions pursuant to the Existing Shareholder Exemption will be pro-rated among the existing shareholders in accordance with their respective shareholdings on the record date.
The Offering is subject to regulatory acceptance. The securities issued in the Offering 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.
Endurance Gold Corp.[/wp]
Robert T. Boyd
Per: President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707
info@endurancegold.com
www.endurancegold.com
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