- Endurance Gold Corporation (EDG) closes its non-brokered private placement financing for gross proceeds of $3 million
- The company issued a total of 7.6 million units
- The proceeds will be used to fund exploration activities and for general corporate purposes
- The company has also paid a cash finders fee of $132,000 and issued 165,000 finder warrants to eligible finders
- Endurance Gold Corporation (EDG) is up 7.04 per cent trading at $0.38 per share as of 12:57 p.m. EST
Endurance Gold Corporation (EDG) has closed its non-brokered private placement financing for $3 million.
The transaction consists of 6.25 million units priced at $0.40 per unit for $2.5 million. Last week, Endurance Gold increased the financing on the same terms.
The company closed the transaction on February 11th and issued a total of 7,637,500 units.
Each unit is comprised of one common share and one-half non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one share at an exercise price of $0.55 per share for two years after the closing.
The proceeds will be used to fund Endurance Gold’s exploration activities and for general corporate purposes.
Insiders of Endurance Gold purchased an aggregate of 937,500 units.
The company has also paid a cash finders fee of $132,000 and issued 165,000 finder warrants to eligible finders.
Endurance Gold Corporation (EDG) is up 7.04 per cent trading at $0.38 per share as of 12:57 p.m. EST.