- Endurance Gold (EDG) will issue up to 6.25 million units at $0.40 per unit for gross proceeds of up to $2,500,000
- Proceeds raised will be used for exploration activities and for general corporate purposes
- Endurance Gold is a metal exploration and development company
- Endurance Gold Corporation (EDG) opened trading at C$0.345 per share
Endurance Gold (EDG) has announced a non-brokered private placement to raise gross proceeds of up to $2,500,000.
The company will issue up to 6.25 million units at $0.40 per unit. Each unit will consist of one common share and one-half non-transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share at an exercise price of $0.55 for a period of two years.
Proceeds raised will be used for exploration activities and for general corporate purposes.
All securities issued will be subject to a statutory hold period expiring four months plus one day.
Endurance Gold is a metal exploration and development company engaged in the exploration and development of mineral properties in North America. Its projects include Elephant Mountain Project, Reliance Gold Property, McCord Gold Project and the Flint Lake JV.
Endurance Gold Corporation (EDG) opened trading at C$0.345 per share.