Endurance Gold Closes Second Tranche and Provides Project Update
Endurance Gold Closes Second Tranche and Provides Project Update
As previously disclosed, the Company will use an amount equal to the gross proceeds received from the sale of the FT Shares, pursuant to the provisions in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's Reliance Project in British Columbia and/or other projects in Canada, on or before December 31, 2024, and to renounce all the Qualifying Expenditures in favour of subscribers of the FT Shares effective December 31, 2023. Proceeds raised from the sale of the Units will be used by the Company for exploration activities and for general corporate purposes. Vancouver, British Columbia--(Newsfile Corp. - October 26, 2023) - Endurance Gold Corporation (TSXV: EDG) ("Endurance or the "Company") announces that further to a news release dated September 27, 2023, the Company has closed a second tranche of its previously announced non-brokered private placement of non flow-through units and flow-through shares (the "Offering") announced on September 11, 2023.
溫哥華，不列顛哥倫比亞省-（Newsfile Corp. -2023年10月26日）-耐力黃金公司(TSXV：EDG）(“耐久力或者是“公司“）宣佈，繼日期為2023年9月27日的新聞稿之後，本公司已完成其先前宣佈的非流通單位和流通股份的第二批非經紀私人配售（“供奉”）於2023年9月11日宣佈。
The Company has raised, in this second tranche, aggregate proceeds of $344,794 by issuing 198,700 units (the "Unit") at a price of $0.22 per Unit and 1,158,000 flow-through ("FT") shares at a price of $0.26 per FT share. Each Unit is comprised of one common share (each, a "Share") and one-half non-transferable common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder to purchase one Share at an exercise price of $0.42 per Share until October 26, 2025. In connection with this second tranche of the Offering, the Company has paid a cash finder's fee of $9,360 to Canaccord Genuity Corp. Insiders of the Company purchased an aggregate of 219,000 FT Shares in this second tranche of the Offering. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such insider participation.
該公司在第二批中通過發行198，700個單位籌集了344，794美元的總收益（“單位“），每單位價格為0.22元及1，158，000個流通股（“金融時報“）股票，每股FT股票價格為0.26美元。每個單位由一股普通股組成（每一股“分享)和一半不可轉讓的普通股認購權證(每份完整的認股權證，一份搜查令“）.每份認股權證將賦予持有人權利，以每股0.42美元的行使價購買一股股份，直至2025年10月26日。關於這第二批發行，本公司已支付現金髮現者的費用為9,360美元的Canaccord天才公司的內部人士購買了219,000 FT股票在這第二批發行。本公司依賴於多邊文書61-101的估值和少數股東批准要求的豁免，特殊交易中少數股權持有人的保護(“米其林61-101“)載於MI 61-101第5.5(B)和5.7(1)(A)條。
All securities issued pursuant to this second tranche of the Offering are subject to a four-month and one day hold period expiring on February 27, 2024. The Company will extend the Offering to on or about November 26, 2023 and the complete Offering remains subject to the final approval of the TSX Venture Exchange.
根據本次發行的第二批發行的所有證券均須在2024年2月27日到期的四個月零一天的持有期內持有。該公司將延長發售時間至2023年11月26日或前後，完整的發售仍有待多倫多證券交易所創業板的最終批准。
As previously disclosed, the Company will use an amount equal to the gross proceeds received from the sale of the FT Shares, pursuant to the provisions in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's Reliance Project in British Columbia and/or other projects in Canada, on or before December 31, 2024, and to renounce all the Qualifying Expenditures in favour of subscribers of the FT Shares effective December 31, 2023. Proceeds raised from the sale of the Units will be used by the Company for exploration activities and for general corporate purposes.
如先前所披露，本公司將根據《財務報告準則》的規定，使用相當於出售FT股份所得款項總額的金額。《所得稅法》(加拿大)(“符合條件的支出”）於2024年12月31日或之前與公司在不列顛哥倫比亞省的Reliance專案和/或加拿大的其他專案有關，並於2023年12月31日起放棄所有符合條件的支出，以支持FT股份的認購者。出售單位所得款項將由本公司用於勘探活動及一般企業用途。
Project Update - The Company is pleased to report that, since re-initiation of the drill program at its Reliance Gold Project (the "Property") and subsequent to lifting of the Evacuation Order, the Company has completed an additional seven (7) drill holes at the Eagle, Crown and Imperial Zones. This totals 22 drill holes and about 5,000 metres ('m") completed to date in 2022. Assays are pending for eight (8) drill holes. The Property is road accessible and located 4 kilometres ("km") east of the village of Gold Bridge, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold.
專案更新-該公司很高興地報告說，自重新啟動鑽探計劃在其信實黃金專案（“屬性“），並在解除疏散令後，該公司已完成了額外的七（7）在鷹，皇冠和帝國區鑽孔。到2022年為止，共完成了22個鑽孔和約5，000米（“m”）。八（8）個鑽孔的分析待定。該物業是道路可達，位於4公里（“公里“)位於Gold Bridge村以東，歷史悠久的Bralorne-Pioneer金礦開採營地以北10公里處，該營地生產了400多萬盎司黃金。
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities, in any jurisdiction in which such offer, solicitation or sale would require registration or otherwise be unlawful. The securities offered have not been or will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
本新聞稿不構成出售要約或招攬購買要約，也不應有任何出售的證券，在任何司法管轄區，這種要約，招攬或出售將需要登記或以其他方式是非法的。所發售的證券尚未或將不會根據1933年美國證券法，經修訂(“《美國證券法》“)或任何州證券法，不得在美國境內或向美國人提供或出售，除非根據美國證券法和適用的州證券法註冊或獲得此類註冊豁免。
ENDURANCE GOLD CORPORATION
耐力黃金公司
Robert T. Boyd
President & CEO
羅伯特·T·博伊德
總裁兼首席執行官
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707, info@endurancegold.com
欲瞭解更多資訊，請聯繫
耐力黃金公司
(604)682-2707電子郵件：info@endurancegold.com
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