Endurance Gold Completes Oversubscribed LIFE Private Placement of Flow-Through Units and Units for Aggregate Gross Proceeds of Approximately C$8.3 Million

Core Viewpoint - Endurance Gold Corporation has successfully completed a private placement offering, raising a total of $8,342,082.50 through the sale of flow-through units and HD units, which will be utilized for exploration and operational purposes [1][5]. Group 1: Offering Details - The offering consisted of 4,188,500 flow-through units sold at $0.955 each, generating gross proceeds of $4,000,017.50, and 6,680,100 HD units sold at $0.65 each, generating gross proceeds of $4,342,065 [1]. - Each flow-through unit includes one common share and one-half of a common share purchase warrant, while each HD unit consists of one common share and one-half of a warrant [2]. - The offering was facilitated by a syndicate of agents led by Canaccord Genuity Corp. and Agentis Capital Markets, with a total cash commission of C$457,232.35 paid to the agents [3]. Group 2: Use of Proceeds - The gross proceeds from the sale of flow-through units will be allocated to eligible Canadian exploration expenses related to the company's projects, with a commitment to renounce these expenditures to initial subscribers by December 31, 2026 [4]. - The net proceeds from the HD units will be directed towards drilling, exploration, testing at the Reliance Gold Project, and general corporate purposes [5]. Group 3: Regulatory and Compliance - The offering was conducted under the listed issuer financing exemption, allowing for private placement to Canadian residents and other qualifying jurisdictions, with no hold period for Canadian subscribers [6]. - The participation of certain insiders in the offering constituted a related party transaction, which was conducted in compliance with relevant regulations [8].