12:56 PM EDT, 03/11/2026 (MT Newswires) -- Endurance Gold ( ENDGF ) on Wednesday said it closed a best-efforts private placement for proceeds of $8.3 million.

The company sold 4.2-million flow-through units at $0.955 per FT unit for $4 million and 6.7-million hard-dollar units at $0.65 per HD unit for $4.3 million, including the additional 526,250 HD units from the partial exercise of the agents' over-allotment option in connection with the offering.

Each FT unit consists of a tax-advantaged share and one-half of a warrant, each of which was issued as a "flow-through share". Each HD unit consists a share and one-half a two-year warrant to buy a non-flow through share for $0.90.

The company proceeds from the FT units to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures." Proceeds from the sale of HD units will be used for drilling, exploration and testing at the Reliance Gold project and working capital and general corporate needs.

Shares of the company were last seen down $0.03 to $0.54 on the TSX Venture Exchange.

Price: 0.54, Change: -0.03, Percent Change: -5.26