Free Submission Public Relations &
Deutsch English


Endurance Close First Tranche of Private Placement

Print article Print article
2014-02-27 21:38:53 -

Vancouver, British Columbia CANADA, February 27, 2014 /FSC/ - Endurance Gold Corporation (EDG - TSX Venture), ("Endurance") announces that it has closed the first tranche of the non-brokered private placement (the "Offering") announced on February 18, 2014. The first tranche consists of aggregate gross proceeds of $172,620. The Company will issue 2,466,000 units (the "Unit") at a price of $0.07 per Unit in the first tranche. Each Unit consists of one common share and one non-transferable common share purchase warrant (the "Warrant Each such Warrant is exercisable into one common share at a price of $0.10 per share for a period of five years from the date of closing (the "Closing The Warrants are subject to an accelerated expiry date

which comes into effect when the trading price of the common shares of the Company closes at or above $0.30 per share for twenty consecutive trading days in the period commencing four months after the Closing. In the event that the Company gives an expiry acceleration notice (the "Notice") to holder of the warrants, the expiry date of the Warrants will be 30 days from the date of the Notice. 413,000 Units of this first tranche of Offering were subscribed by directors and a company controlled by a director of the Company.

The balance of 1,889,714 Units is largely allocated and the Company expects to close this portion of the Offering by March 18, 2014.

All securities issued in this tranche of the financing are subject to final regulatory acceptance and will be subject to a hold period which expires on June 28, 2014.

As previously disclosed, the net proceeds from the Offering will be used to fund the Company's exploration activities and for general working capital.

In connection with the Offering, the Company has paid $630 as a finder's fee.


Robert T. Boyd
President & CEO


Endurance Gold Corporation
(604) 682-2707,

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.

To view the press release as a PDF, please click on the following link:

Source: Endurance Gold Corporation - (TSXV: EDG)
Maximum News Dissemination by FSCwire.

Fred Gautreau
Phone: 14037173898

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News


Terms & Conditions | Privacy | About us | Contact