Endurance Accelerates 100% Ownership of the Entire Reliance Gold Project, B.C.
Endurance Gold (ENDGF) has successfully acquired 100% ownership of the majority of the Reliance Gold Project in British Columbia. The company completed this acquisition by fulfilling three option agreements through final cash payments of $205,000 and issuing 3,100,000 Endurance shares. The Property is strategically located 5km east of Gold Bridge and 10km north of the historic Bralorne Gold Mines, which have produced over 4 million ounces of gold.
As part of the agreement, 750,000 share purchase warrants were issued to the Olympic Property Optionor, exercisable at $0.17 per share for three years, representing a 25% premium to the 20-day volume weighted average price. The warrant issuance is pending final TSX Venture Exchange approval.
Endurance Gold (ENDGF) ha acquisito con successo il 100% della proprietà della maggior parte del Reliance Gold Project nella Columbia Britannica. L'azienda ha completato questa acquisizione soddisfacendo tre accordi di opzione attraverso pagamenti in contante finali di $205.000 e l'emissione di 3.100.000 azioni di Endurance. La proprietà è strategicamente situata a 5 km a est di Gold Bridge e a 10 km a nord delle storiche miniere d'oro Bralorne, che hanno prodotto oltre 4 milioni di once d'oro.
Come parte dell'accordo, sono stati emessi 750.000 warrant per l'acquisto di azioni all'operatore della proprietà olimpica, esercitabili a $0,17 per azione per tre anni, rappresentando un premio del 25% rispetto al prezzo medio ponderato per volume delle ultime 20 giornate. L'emissione dei warrant è in attesa dell'approvazione finale della TSX Venture Exchange.
Endurance Gold (ENDGF) ha adquirido con éxito el 100% de la propiedad de la mayoría del Reliance Gold Project en Columbia Británica. La compañía completó esta adquisición mediante la satisfacción de tres acuerdos de opción a través de pagos en efectivo finales de $205,000 y la emisión de 3,100,000 acciones de Endurance. La propiedad está estratégicamente ubicada a 5 km al este de Gold Bridge y a 10 km al norte de las históricas minas de oro de Bralorne, que han producido más de 4 millones de onzas de oro.
Como parte del acuerdo, se emitieron 750,000 opciones de compra de acciones al operador de la propiedad olímpica, que se pueden ejercer a $0.17 por acción durante tres años, representando una prima del 25% sobre el precio promedio ponderado por volumen de 20 días. La emisión de opciones está pendiente de la aprobación final de la TSX Venture Exchange.
Endurance Gold (ENDGF)는 브리티시컬럼비아에 있는 Reliance Gold Project의 대부분에 대한 100% 소유권을 성공적으로 획득했습니다. 회사는 205,000달러의 현금 최종 지급과 3,100,000주의 Endurance 주식을 발행함으로써 세 가지 옵션 계약을 이행하여 이 인수를 완료했습니다. 이 부지는 Gold Bridge에서 동쪽으로 5km, 역사적인 Bralorne Gold Mines에서 북쪽으로 10km 떨어진 전략적으로 중요한 위치에 있습니다. Bralorne Gold Mines는 400만 온스 이상의 금을 생산했습니다.
계약의 일환으로, 올림픽 재산 옵션 제공자에게 750,000개의 주식 구매 옵션이 발행되었으며, 이는 주당 0.17달러에 3년 동안 행사할 수 있습니다. 이는 20일 거래량 가중 평균 가격에 비해 25%의 프리미엄을 나타냅니다. 옵션 발행은 TSX Venture Exchange의 최종 승인을 기다리고 있습니다.
Endurance Gold (ENDGF) a acquis avec succès 100 % de la propriété de la majorité du projet aurifère de Reliance en Colombie-Britannique. L'entreprise a achevé cette acquisition en satisfaisant trois accords d'option grâce à des paiements en espèces finaux de 205 000 $ et à l'émission de 3 100 000 actions d'Endurance. La propriété est située stratégiquement à 5 km à l'est de Gold Bridge et à 10 km au nord des anciennes mines d'or de Bralorne, qui ont produit plus de 4 millions d'onces d'or.
Dans le cadre de l'accord, 750 000 bons de souscription d'actions ont été émis au débiteur de la propriété olympique, exerçables à 0,17 $ par action pendant trois ans, représentant une prime de 25 % par rapport au prix moyen pondéré par volume sur 20 jours. L'émission des bons est en attente de l'approbation finale de la TSX Venture Exchange.
Endurance Gold (ENDGF) hat erfolgreich 100% der Mehrheit des Reliance Gold Project in British Columbia erworben. Das Unternehmen hat diesen Erwerb abgeschlossen, indem es drei Optionsvereinbarungen durch endgültige Barzahlungen von 205.000 $ und die Ausgabe von 3.100.000 Endurance-Aktien erfüllt hat. Die Immobilie liegt strategisch günstig 5 km östlich von Gold Bridge und 10 km nördlich der historischen Bralorne Goldminen, die über 4 Millionen Unzen Gold produziert haben.
Im Rahmen des Vertrags wurden 750.000 Aktienoptionsscheine an den Betreiber der olympischen Immobilie ausgegeben, die zu 0,17 $ pro Aktie über einen Zeitraum von drei Jahren ausgeübt werden können, was einem Aufschlag von 25% gegenüber dem volumenweighted Durchschnittspreis der letzten 20 Tage entspricht. Die Ausgabe dieser Optionsscheine steht noch zur endgültigen Genehmigung durch die TSX Venture Exchange aus.
- Strategic acquisition of 100% ownership in a gold project near historic 4M oz gold producing mines
- Completed consolidation of property ownership through fulfillment of option agreements
- Cash outlay of $205,000 and significant share dilution through issuance of 3.1M new shares
- Additional potential dilution from 750,000 warrant issuance
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2024) - Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (FSE: 3EG) (the "Company") is pleased to announce that it has fulfilled the requirements of three option agreements and acquired
The Company has accelerated its final vesting of ownership in all properties related to three option agreements which formed the majority of the Property by making final cash payments of
Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits.
ENDURANCE GOLD CORPORATION
Robert T. Boyd, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation www.endurancegold.com
Toll Free: (877) 624 2237, info@endurancegold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234601
FAQ
What is the total cost of Endurance Gold's (ENDGF) acquisition of the Reliance Gold Project?
What is the exercise price and terms of the ENDGF warrants issued in December 2023?
Where is the Reliance Gold Project located relative to Bralorne Gold Mines?
How many ounces of gold were historically produced at the nearby Bralorne Gold Mines?
