Endurance Gold Corporation (EDG - TSX.V, "Endurance") is pleased to announce that, pursuant to its news releases dated July 21 and August 2, 2011, it has closed a non-brokered private placement of 1,750,000 units (the "Unit") at a price of $0.20 per Unit for gross proceeds of $350,000. 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 was fully subscribed by the Company's insiders.
The gross proceeds from the sale of the Units will be used to fund the Company's exploration activities and for general working capital.
The private placement is subject to final regulatory acceptance. The securities issued in this financing will be subject to a hold period of four months plus one day.
No commissions or finders' fees were paid in connection with this financing.
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.