Enduro Metals Announces C$2 Million Private Placement

Core Viewpoint - Enduro Metals Corporation is proposing a non-brokered private placement to raise up to C$2 million for exploration and development of its Newmont Lake project in British Columbia [1][2]. Group 1: Offering Details - The Offering will consist of non-flow-through units (NFT Units) priced at C$0.15 each and flow-through shares (FT Shares) priced at C$0.185 each [1]. - Each NFT Unit includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.22 for 24 months [3]. - The Offering is expected to close on or before August 7, 2025, subject to regulatory approvals [7]. Group 2: Use of Proceeds - Net proceeds from the Offering will be allocated to the exploration and development of the Newmont Lake project, which spans 688 km² in British Columbia's Golden Triangle, as well as for general corporate purposes and working capital [2][8]. - Gross proceeds from the sale of FT Shares will be used for eligible Canadian exploration expenses, which will qualify as flow-through mining expenditures [6]. Group 3: Securities Offering - The Offered Securities will be available in Canadian provinces and to eligible purchasers in other jurisdictions, provided no prospectus filing is required [4]. - In the United States, the Offered Securities will be sold to Qualified Institutional Buyers and accredited investors under exemptions from registration requirements [5]. Group 4: Finder's Fees - The Company may pay finder's fees to third parties, consisting of a cash fee equal to 6% of gross proceeds and finder's warrants equal to 6% of the NFT Units and FT Shares sold [7].