August 02, 2011
Endurance Increases Private Placement
|Endurance Gold Corporation (EDG - TSX.V, "Endurance") has increased the non-brokered private placement (the "Financing"), announced on July 21, 2011, from $250,000 to $350,000. The Financing will consist of 1,750,000 units (the "Unit") at a price of $0.20 per Unit. 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 Financing is fully subscribed by the Company's insiders. |
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 Financing 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.
ENDURANCE GOLD CORPORATION
Robert T. Boyd
President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707, firstname.lastname@example.org
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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