11:49 AM EDT, 05/14/2024 (MT Newswires) -- Endurance Gold ( ENDGF ) on Tuesday said it intends to complete a non-brokered private placement to raise $4 million through the sale of up to 20-million share units priced at $0.20 each, all of which will be subscribed by a company insider.

Each unit will consist of a share and one half of a two-year warrant to buy a second share for $0.32 for two years.

Proceeds will be used to fund Endurance's exploration activities and for general corporate purposes.

The company's shares were last seen up C$0.015 to C$0.16 on the TSX Venture Exchange.

Price: 0.16, Change: +0.02, Percent Change: +10.34