| Endurance Closes Private Placement Of $650,000 | |
| | |
|
October 30, 2014
Endurance Closes Private Placement Of $650,000
|
Endurance Gold Corporation (EDG - TSX.V, "Endurance") is pleased to announce that it has closed the non-brokered private placement announced as amended on October 16, 2014 (the "Offering") of 10,833,400 units (the "Unit"), at a price of $0.06 per Unit, for gross proceeds of $650,000.
Each Unit is comprised of one common share and one non-transferable common share purchase warrant (the "Warrant"). Each such Warrant is exercisable into one common share for a period of three years from the date of closing (the "Closing"). The Warrant exercise price is $0.10 per share for the initial eighteen month period, increasing to $0.12 per share for the second eighteen month period. 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 $0.18 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. Majority of the Offering were subscribed by directors and a company controlled by a director of the Company.
As previously disclosed, the net proceeds from the Offering will be used to fund the Company's exploration activities and for general working capital. No commissions or finders' fees were paid in connection with this Offering.
The Offering is subject to final regulatory acceptance. All securities issued pursuant to this Offering will be subject to a hold period which expires on March 1, 2015.
ENDURANCE GOLD CORPORATION
Robert T. Boyd
Per: __________________
President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707, [email protected]
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.
|
You can view the Previous News Releases item: Mon Oct 20, 2014, Endurance Provides Further Update From The Godzilla Zone, Pardo Joint Venture, Ontario
|
|
|
Endurance Gold Corporation
|
|
EXPLORATEUR |
CODE : EDG.V |
ISIN : CA29267M1086 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Endurance Gold est une société développant des projet miniers d'or basée au Canada. Ses principaux projets en exploration sont CARTER en USA et ANNIE, NATRONA, HUTTON PROJECT, PARKIN, MCCORD GOLD, PARDO, TURNER, BQ, NECHAKO, BANDITO et DOGPAW LAKE au Canada. Endurance Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 15,2 millions CA$ (11,2 millions US$, 10,1 millions €). La valeur de son action a atteint son plus bas niveau récent le 16 janvier 2009 à 0,01 CA$, et son plus haut niveau récent le 15 juillet 2022 à 0,57 CA$. Endurance Gold possède 101 090 000 actions en circulation. |