Endurance Gold arranges $8-million private placement

Executive Summary

• Endurance Gold Corp. announced a $8 million life private placement of up to 4,188,500 flow-through units and 6,153,850 HD units.
• The offering is being managed by Canaccord Genuity Corp. and Agentis Capital Markets as co-lead agents on a best-efforts basis.
• Proceeds will be used for eligible Canadian exploration expenses (flow-through) and drilling/exploration at the Reliance gold project plus working capital (HD units).

Key Details

• Total Gross Proceeds: Up to $8 million.
• Flow-Through Units:
  • Quantity: Up to 4,188,500 units.
  • Price: 95.5 cents per unit.
  • Gross Proceeds: Up to approximately $4 million.
  • Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
  • Warrant Terms: Each warrant entitles the holder to purchase one non-flow-through common share at an exercise price of 90 cents.
  • Warrant Expiry: 24 months after the closing date.
  • Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow-through mining expenditures related to projects in Canada, to be renounced to subscribers effective Dec. 31, 2026.
  • Indemnification: Company indemnifies subscribers for additional taxes if qualifying expenditures are not renounced by Dec. 31, 2026, or are reduced by the Canada Revenue Agency.
• HD Units:
  • Quantity: Up to 6,153,850 units.
  • Price: 65 cents per unit.
  • Gross Proceeds: Up to approximately $4 million.
  • Use of Proceeds: Drilling, exploration, and testing at the Reliance gold project, and working capital and general corporate purposes.
• Overallotment Option:
  • Agents have an option to purchase up to 15% additional HD units at the offering price.
  • Exercisable up to 48 hours prior to closing.
• Closing Date: Expected on or about March 11, 2026.
• Regulatory Conditions: Subject to receipt of necessary regulatory approvals, including conditional approval of the TSX Venture Exchange.
• Exemption: Offered pursuant to the listed issuer financing exemption under National Instrument 45-106.
• Hold Period: Securities issued to Canadian resident subscribers are not subject to a hold period.

Notable Quotes

• None provided in the text.