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March 26, 2007
Non-Brokered Private Placement Closes
| NOT FOR DISSEMINATION IN THE UNITED STATES OR VIA US NEWSWIRE
Endurance Gold Corporation (EDG -- TSX.V, the "Company") is pleased to announce that, further to its news release dated February 2, 2007, it has closed the non-brokered private placement for gross proceeds of $525,000. The private placement comprised 2,282,600 non-flow-through units at a price of $0.23 per unit (the "Units"). Each Unit comprises one non-flow-through common share and one transferable common share purchase warrant, each such warrant entitling the holder to acquire one common share of the Company for a period of 18 months from closing at a price of $0.40 per share.
All securities issued pursuant to this private placement are subject to a 4 month hold period.
The proceeds of the private placement transaction will be used for further exploration of the Company's property portfolio and to provide general working capital to the Company.
ENDURANCE GOLD CORPORATION
Per: "Duncan McIvor"
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT
Jeffrey Wilson, Corporate Communications (604) 868-0225, or visit our website at www.endurancegold.com
The TSX Venture Exchange or any other regulatory authority has not reviewed, and does not accept responsibility for, the adequacy or accuracy of this news release. |
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