- Endurance Gold Corporation (EDG) has announced a $1.5 million non-brokered private placement
- This will be done through the sale of up to 3.58 million units at $0.42 per unit
- The offering is not subject to any minimum aggregate subscription
- Proceeds will be used for exploration activities and general corporate purposes
- Endurance Gold Corporation (EDG) is unchanged, trading at $0.36 per share at 2:58 p.m. ET
Endurance Gold Corporation (EDG) has announced a non-brokered private placement to raise up to $1.5 million.
The company stated this will be done through the sale of up to 3.58 million units at $0.42 per unit. The offering is not subject to any minimum aggregate subscription.
Each unit will include one Endurance Gold common share and one-half non-transferable common share purchase warrant.
A single warrant will entitle the holder to purchase one additional share of the company at an exercise price of $0.55 for a two-year period.
The company will use proceeds raised from the sale of the units for exploration activities and general corporate purposes.
Finders’ fees may be payable in connection with the sale.
Certain insiders of Endurance Gold shared their intention to participate in the private placement, and their holdings of securities of the company will increase as a result.
Endurance Gold Corporation (EDG) is unchanged, trading at $0.36 per share at 2:58 p.m. ET.