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Enduro Announces Closing of $10 million Private Placement
Enduro Announces Closing of $10 million Private Placement Canada NewsWire ...
About this update from Enduro Metals Corporation
[{"type":"text","content":"\n \n \n \n Enduro Announces Closing of $10 million Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n KELOWNA, BC\n \n \n ,\n \n \n May 19, 2022\n \n \n /CNW/ -\n \n Enduro Metals Corporation\n \n (TSXV: ENDR) (OTCQB: ENDMF) (\"\n \n Enduro Metals\n \n \" or the \"\n \n Company\n \n \") is pleased to\n \n a\n \n nnounce that it has closed its previously announced non-brokered private placement for gross proceeds of\n \n $10,020,000\n \n .\n \n \n \n Cole Evans\n \n , President, CEO & Director, commented, \"\n \n We've spent a significant amount of time refining our Company's story, its project's technical merits, and the potential pathway forward, and believe the Company is well positioned to unlock value through tier one discoveries. Completing this financing during the current market conditions is a testament to the potential value of the Newmont Lake project.\"\n \n \n \n \n \"We'd like to thank all the participants in this financing. Your belief in our team and the project is what motivates us to reach our goals and milestones. We are welcoming some new strategic investors, including our now single largest shareholder, as well as some key financiers. With the closing of this financing, we can now focus on one of the most important seasons for the Company as we follow-up on our three-years of systematic exploration.\"\n \n \n \n \n Details of the Private Placement\n \n \n The private placement consisted of 1,000,000 non-flow-through shares (the \"\n \n NFT Shares\n \n \") at a price of\n \n $0.26\n \n per NFT Share, 3,333,334 flow-through shares (the \"\n \n FT Shares\n \n \") at a price of\n \n $0.30\n \n per FT Share and 24,000,000 charity flow-through shares (the \"\n \n CFT Shares\n \n \") at a price of\n \n $0.365\n \n per CFT Share (collectively, the \"\n \n Offering\n \n \").\n \n \n The Company intends to use the proceeds of the Offering for the exploration of the Company's key projects located in the Golden Triangle and for general working capital purposes. The gross proceeds from the issuanc...