Endurance Gold Announces Closing of Over Subscribed Non-Brokered Private Placement of $644,070
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The Company has now closed the Offering and raised aggregate gross proceeds of $644,070 through the sale of 4,155,290 Units at $0.155 per Unit. Each Unit shall be comprised of one common share (each, a "Share") and one non-transferable common share purchase warrant (each, a "Warrant"). Each Warrant shall entitle the holder to purchase one additional Share of the Company at an exercise price of $0.25 for a period of two years from the date of closing (the "Closing"). An insider of the Company has subscribed for 150,000 Units of the Offering.
In connection with the Offering, the Company will pay a total cash consideration of $12,586 as finder's fee. The gross proceeds of the Offering will be used to fund the Company's exploration activities and for general corporate purposes.
The Closing of the Offering is subject to TSXV Exchange's final approval, and the securities issued in this Offering are subject to a hold period of four months plus one day from the Closing.
Robert T. Boyd
President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corp.
(604) 682-2707, info@endurancegold.com
www.endurancegold.com
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 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.
SOURCE: Endurance Gold Corp.