
February 17, 2022
This press release is being issued in connection with the filing of an early warning report (the "EWR") pursuant to the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, regarding the change in ownership and control of common shares (the "Shares") of Endurance Gold Corporation (the "Issuer") by H. Ross Arnold (the "Acquiror").
The Acquiror acquired 312,500 units (each, a "Unit") of the Issuer at a price of $0.40 per Unit in connection with the closing of a non-brokered private placement (the "Offering") announced in the news release of the Issuer on February 14, 2022. Each Unit comprises of one common share (each, a "Share") of the Issuer and one-half Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the Acquiror to purchase one additional common shares of the Issuer at an exercise price of $0.55 per Share for a period of two years from the date of closing. The Offering was completed in reliance on the prospectus exemption set out in section 2.3 of National Instrument 45-106.
In the Acquiror's last Earning Warning Report filed on May 29, 2015, the Acquiror had ownership and control over 21,342,103 common shares of the Issuer, representing 22.63% of the then issued and outstanding common shares of the Issuer. Since then, a total of 41,086,790 common shares have been issued from the Issuer's treasury for mineral property acquisitions, private placements and the exercise of stock options and warrants. Since the date of his last Earning Warning Report, the Acquiror acquired a total of 5,695,833 common shares of the Issuer through participation in private placements and the exercise of stock options and warrants. As a result of these acquisitions and the Issuer's shares being diluted, the Acquiror now directly and beneficially owns a total of 27,037,936 common shares, representing approximately 19.97% of the issued and outstanding shares of the Issuer which collectively triggered the requirement to file an Early Warning report.
Prior to the acquisition, the Acquiror beneficially owned or exercised control or direction over 26,725,436 shares and 250,000 stock options, representing approximately 20.92% and 21.08% of the issued and outstanding shares on an undiluted and diluted basis respectively. Following the acquisition, the Acquiror beneficially owned or exercised control or direction over 27,037,936 Shares, 250,000 stock options and 156,250 warrants, representing approximately 19.97% and 20.21% of the issued and outstanding common shares on an undiluted and diluted basis respectively.
The Acquiror acquired the common shares for investment purposes and as a director of the Issuer may continue to acquire additional securities of the Issuer from time to time in accordance with applicable securities laws.
An EWR will be filed by the Acquiror on the Issuer's profile on SEDAR at www.sedar.com. To obtain a copy of the EWR, please contact the Issuer at the following address:
Endurance Gold Corporation Suite 520, 800 West Pender Street Vancouver, B.C. V6C 2V6 Email: info@endurancegold.com
/s/ H. Ross
Arnold H. Ross
Arnold
Neither the TSX Venture Exchange nor its Regulatory Services Provider accepts responsibility for the adequacy or accuracy of this release.
Click here to connect with Endurance Gold (TSXV:EDG) to receive an Investor Presentation
EDG:CA
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...
20m
China’s Gold Market Enters Turbulent Transition as New VAT Rules Take Effect
China’s gold industry is entering a period of rapid adjustment after Beijing implemented a major overhaul of value-added tax (VAT) rules on physical gold. The reform, which took effect on the first of November run through December 31, 2027, ending the long-standing practice of allowing full tax... Keep Reading...
16h
Top 5 Australian Mining Stocks This Week: Nova Minerals Rides on Growing Antimony Interest
Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.Antimony-focused gold company Nova Minerals takes the lead in this week's list, alongside mining stocks focused on gold, lithium and... Keep Reading...
16h
Gold Price Rallies "Like a Meme Stock," Breaks US$4,200 Again
As its record-setting year continues, gold is on its way to posting its strongest annual performance since 1979, up an impressive 58 percent year-to-date as of Wednesday (November 12). The yellow metal once again broke past US$4,200 per ounce this week, moving closer to its all-time high of... Keep Reading...
16h
Top 7 ASX Gold ETFs in 2025
The price of gold reached record highs in 2025, driven by global economic uncertainty stemming from shifting US trade policy and escalating geopolitical tensions in the Middle East.For many investors, gold is a tool for diversification. The precious metal is known for its ability to act as a... Keep Reading...
17h
Mount Hope Mining Reports High-grade Gold Results, Attracts New Investors, CEO Says
Mount Hope Mining (ASX:MHM) has announced strong assay results from its maiden drilling program at the Mount Solitary gold prospect in New South Wales’ Cobar region, highlighting the potential for a significant high-grade gold system. CEO and Managing Director Fergus Kiley said the campaign... Keep Reading...
22h
Lahontan Receives BLM Approval Of Santa Fe Exploration Plan Of Operations
Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce that the Federal Bureau of Land Management ("BLM") has published its Decision Record ("DR"), Finding of No Significant Impact ("FONSI"), and approval of the Company's Exploration Plan of... Keep Reading...
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00






