Endurance Gold Corporation (EDG - TSX.V, "Endurance") is pleased to announce that, pursuant to its news release dated February 18, 2011, it has closed a non-brokered private placement of 4,500,000 flow through shares ("FT Shares") at a price of $0.12 per FT Share for gross proceeds of $540,000. Two directors of the Company have subscribed for 220,000 FT shares.
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 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.