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Enduro Metals Announces Closing of Non-Brokered Private Placement for Gross Proceeds of Approximately $1.64 Million
Enduro Metals Announces Closing of Non-Brokered Private Placement for Gross Proceeds of Approxima...
About this update from Enduro Metals Corporation
[{"type":"text","content":"\n \n \n \n Enduro Metals Announces Closing of Non-Brokered Private Placement for Gross Proceeds of Approximately $1.64 Million\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n KELOWNA, BC\n \n \n ,\n \n \n Feb. 16, 2024\n \n \n /CNW/ -\n \n Enduro Metals Corporation\n \n (TSXV: ENDR) (OTCQB: ENDMD) (FSE: SOG0) (\"\n \n Enduro\n \n \" or the \"\n \n Company\n \n \") announces that it has closed a non-brokered private placement (the \"\n \n Offering\n \n \") of 4,093,123 units of the Company (the \"\n \n Units\n \n \") at purchase price of\n \n $0.40\n \n /Unit for gross proceeds of\n \n $1,637,250\n \n . Each Unit is comprised of one (1) common share in the capital of the Company (a \"\n \n Common Share\n \n \") and one-half of one (1/2) Common Share purchase warrant (each whole Common Share purchase warrant, a \"\n \n Warrant\n \n \").  Each Warrant entitles the holder to acquire an additional Common Share at a purchase price of\n \n $0.80\n \n /share for a period of three (3) years from the date of issuance.\n \n \n It is expected that the proceeds from the sale of Units will be used for exploration and development of the Company's Newmont Lake Project located in\n \n Northwest British Columbia\n \n and for general working capital purposes.\n \n \n In accordance with the policies of the TSX Venture Exchange (the \"\n \n TSXV\n \n \"), the Company paid aggregate finders' fees of\n \n $1,750\n \n and issued an aggregate of 4,375 finder's warrants (the \"\n \n Finder Warrants\n \n \") upon closing of the Offering.  Each Finder Warrant entitles the holder to acquire one Common Share at a purchase price of\n \n $0.40\n \n /share for a period of three (3) years from the date of issuance.\n \n \n All securities issued will be subject to a four-month holding period from the date of issuance and subject to TSXV approval.  The Offering remains sub...