July 21, 2011
Endurance Announces Private Placement of $250,000
Endurance Gold Corporation (EDG - TSX.V, "Endurance") is pleased to announce that it intends to complete a non-brokered private placement of up to 1,250,000 units (the "Unit") at a price of $0.20 per Unit for gross proceeds of up to $250,000 (the "Offering"). Each Unit consists of one common share and one half non-transferable common share purchase warrant (the "Warrant"). Each whole Warrant is exercisable into one common share at a price of $0.30 per share for a period of 12 months from the date of closing.
The gross proceeds from the sale of the Unit will be used to fund the Company's exploration activities and for general working capital.
The Offering is subject to regulatory acceptance. The securities issued in the financing will be subject to a statutory hold period of four months plus one day from the date of closing. A finder's fee may be payable on all or a portion of the financing
Some directors and/or officers of the Company intend to participate in the private placement and their holdings of securities of the Company will increase as a result.
Cash Finders' fees may be paid in connection with certain subscriptions under the private placement.
ENDURANCE GOLD CORPORATION
Robert T. Boyd
President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707, email@example.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.
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