Enduro Metals Announces Completion of Private Placement

Core Viewpoint - Enduro Metals Corporation has successfully closed the second and final tranche of a non-brokered private placement, raising a total of $3,621,127.58 for its exploration activities in British Columbia's Golden Triangle [1][4]. Group 1: Private Placement Details - The second tranche raised gross proceeds of $890,650.15, consisting of 289,190 flow-through shares at $0.185 each and 5,581,000 non flow-through units at $0.15 each [1][2]. - Each non flow-through unit includes one common share and one-half of a common share purchase warrant, with warrants priced at C$0.22 per share, valid until September 5, 2027 [3]. Group 2: Use of Proceeds - Proceeds from the non flow-through units will be allocated for general working capital, while funds from the flow-through shares will be used for eligible Canadian exploration expenses related to the Newmont Lake project [4]. - The company plans to renounce qualifying expenditures by December 31, 2025, and incur such expenses by December 31, 2026 [5]. Group 3: Related Transactions and Fees - The company paid finders fees totaling $4,110.01 in cash and issued 23,351 finder's warrants, which are non-transferable and exercisable at $0.18 per share until September 5, 2026 [6]. - A director of the company purchased 111,000 non flow-through units, qualifying this issuance as a related party transaction [7]. Group 4: Company Overview - Enduro Metals is focused on the Newmont Lake Project, a 688 km² property in British Columbia's Golden Triangle, with multiple deposit environments identified, including high-grade gold and copper-gold mineralization [9].