January 31, 2022
Endurance Gold Corporation (TSXV: EDG) ("Endurance or the "Company") is pleased to announce that it intends to complete a non-brokered private placement to raise gross proceeds of up to $2,500,000 (the "Offering") through the sale of up to 6.25 million units (each, a "Unit") at $0.40 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 $0.55 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 and the completion of the Offering is subject to the receipt of acceptance by the TSX Venture Exchange (the "Exchange"). All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months plus one day from the Closing. Finders' fees may be payable in connection with the sale of the Units in accordance with the policies of the Exchange.
Certain insiders 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 will rely on the exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such insider participation.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
ENDURANCE GOLD CORPORATION
Robert T. Boyd
President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(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.
EDG:CA
Alert Options
No alert set
INN Article Notification
Alert Option
You will be notified when this event occurs. No additional settings needed.
The Conversation (0)
15 April 2021
Endurance Gold
North American Focused Generator of World Class Exploration Projects
North American Focused Generator of World Class Exploration Projects Keep Reading...
16h
Rich Checkan: Gold Cheap, Silver Cheaper — Now is The Time to Buy
Rich Checkan, president and COO of Asset Strategies International, shares his outlook for gold and silver, saying the metals are currently at sale prices. Both could still go lower, but he encouraged investors to act sooner than later."Take a little of your cash, deploy it now — lock in that... Keep Reading...
16h
Brien Lundin: Gold's "Unique" Bull Market — Major vs. Junior Stocks
Brien Lundin, editor of Gold Newsletter, shares his thoughts on the pullback in gold and silver prices, saying that finding a bottom will take time. If seasonality is in effect this year, he sees that process happening in mid-July to mid-August. "That's really our last chance — our best chance —... Keep Reading...
19h
Precipitate Gold Strengthens Board with Appointment of Dominican Business Leader Pelayo Troncoso and Mining Finance Executive John Wenger
Precipitate Gold Corp. (TSXV: PRG,OTC:PREIF) (OTCQB: PREIF) (the "Company" or "Precipitate") is pleased to announce the appointments of Mr. Pelayo Troncoso and Mr. John Wenger, CPA, to the Company's Board of Directors, effective immediately.Mr. Troncoso is a Dominican Republic national and an... Keep Reading...
15 July
Experts: Gold Pullback Strengthens Bull Market Case
Gold's retreat from recent record highs has done little to dampen long-term optimism among market participants, with speakers on the Precious Metals panel at the Rick Rule Symposium arguing that the current correction is a normal feature of a healthy bull market rather than the beginning of a... Keep Reading...
14 July
Adrian Day: Gold's Top Driver Now, Plus Bullish Stock Setup
Adrian Day, president of Adrian Day Asset Management, breaks down gold's key price headwinds and what could spark a turnaround. "The most important thing is the war. When that ends, one way or the other, the oil price retreats, CPI expectations come down, the dollar comes down and then it's... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00






