Business
Enduro Metals Closes $8.9 Million Financing
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2026) - Enduro Metals Corporation (TSXV: ENDR) ("Enduro", "Enduro Metals" or the "Company") is pleased to
About this update from Enduro Metals Corporation
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 14, 2026) - Enduro Metals Corporation (TSXV: ENDR) (\"Enduro\", \"Enduro Metals\" or the \"Company\") is pleased to announce that it has closed its previously announced \"best efforts\" private placement (the \"LIFE Offering\") and a concurrent private placement (the \"Concurrent Private Placement\" and together with the LIFE Offering, the \"Offering\") for aggregate gross proceeds of $8,851,654. Beacon Securities Limited (\"Beacon\") acted as sole agent in connection with the Offering. The LIFE Offering was comprised of 9,375,000 non-flow-through units of the Company (the \"NFT Units\") at a price of $0.16 per NFT Unit (the \"NFT Issue Price\") and 28,643,880 flow-through units of the Company sold on a charitable flow-through basis (the \"FT Units\" and, together with the NFT Units, the \"Offered Securities\") at a price of $0.22 per FT Unit, for combined gross proceeds of $7,801,654. The Offered Securities were issued pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended and supplemented by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the \"Listed Issuer Financing Exemption\"). The Concurrent Private Placement was comprised of 6,562,500 NFT Units at the NFT Issue Price for gross proceeds of $1,050,000 on a private placement basis pursuant to other applicable exemptions from the prospectus requirements under Canadian securities laws. Each NFT Unit consists of one common share of the Company and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a \"Warrant\"). Each FT Unit consists of one common share of the Company and one-half of one Warrant, each of which qualify as a \"flow-through share\" for the purposes of the Income Tax Act (Canada) (the \"Tax Act\"). Commencing on the 61st day after issuance, each Warrant entitles the holder thereof to acquire one non-flow-through common share of the Company (a \"Warrant Share\") at a price per Warrant Share of $0.24 for a period of 36 months from issuance. The Offered Securities sold pursuant to the Listed Issuer Financing Exemption are not subject to resale restrictions under applicable Canadian securities laws. The NFT Units issued pursuant to the Concurrent Private Pl...