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Re: News Release - Friday, February 18, 2011
Endurance Announces Private Placement of $540,000
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Endurance Gold Corporation (EDG - TSX.V, "Endurance") is pleased to
announce that it intends to complete a non-brokered private placement
of up to 4,500,000 flow through shares ("FT Shares") at a price of
$0.12 per FT Share for gross proceeds of up to $540,000 (the
"Offering").
The gross proceeds from the sale of the FT Shares will be used to fund
the Company's exploration activities on the Bandito Property in the
Yukon and possibly other Canadian properties.
The Offering is scheduled to close on or about March 16, 2011 and is
subject to certain conditions including, but not limited to, the
receipt of all necessary approvals including the approval of the TSX
Venture Exchange.
Some 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.
Cash Finders' fees may be paid in connection with certain subscriptions
under the private placement.
ENDURANCE GOLD CORPORATION
Robert T. Boyd
Per: -------------------
President & 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.
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Copyright (c) 2011 ENDURANCE GOLD CORPORATION (EDG) All rights
reserved. For more information visit our website at
http://www.endurancegold.com/ or send mailto:info@endurancegold.com
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Endurance Gold Corporation
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EXPLORATION STAGE |
CODE : EDG.V |
ISIN : CA29267M1086 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Endurance Gold is a gold development stage company based in Canada. Its main exploration properties are CARTER in USA and ANNIE, NATRONA, HUTTON PROJECT, PARKIN, MCCORD GOLD, PARDO, TURNER, BQ, NECHAKO, BANDITO and DOGPAW LAKE in Canada. Endurance Gold is listed in Canada. Its market capitalisation is CA$ 14.2 millions as of today (US$ 10.3 millions, € 9.4 millions). Its stock quote reached its lowest recent point on January 16, 2009 at CA$ 0.01, and its highest recent level on July 15, 2022 at CA$ 0.57. Endurance Gold has 101 090 000 shares outstanding. |