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)
The Offering is being made available to accredited investors, and existing shareholders of the Company, who, at the close of business on June 29, 2016 (the “Record Date”), held common shares of the Company (and who continue to hold common shares of the Company at the time of closing of the offering), pursuant to the existing security holder exemption (the “Existing Security Holder Exemption”), as well as to other investors pursuant to other available exemptions. In accordance with the Existing Security Holder Exemption (currently not available in Newfoundland and Labrador), the Company confirms there is no material fact or material change related to the Company which has not been generally disclosed. Any existing shareholder interested in participating in the offering should contact the Company.
There is no minimum offering amount. The gross proceeds from the Offering will be used to fund the Company’s exploration activities and for general working capital purposes. Cash Finders' fees in the amount of 7.0% may be paid in connection with certain subscriptions under the private placement.
The Offering is subject to a minimum subscription amount of $3,000 and 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.
ENDURANCE GOLD CORPORATION
Robert T. Boyd
resident & 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.