Endurance Gold Corporation (EDG -- TSX.V, "Endurance") is pleased to announce that it intends to complete a non-brokered private placement of up to 4,500,000 flow through shares ("FT Shares") at a price of $0.12 per FT Share for gross proceeds of up to $540,000 (the "Offering").
The gross proceeds from the sale of the FT Shares will be used to fund the Company's exploration activities on the Bandito Property in the Yukon and possibly other Canadian properties.
The Offering is scheduled to close on or about March 16, 2011 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.
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.
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.