Enduro Metals Corp. (ENDMF)

[Middleborder]

Enduro Metals Closes C$10-Million Private Placement of Common and Flow-Through Shares
BY MT Newswires
— 5:26 PM ET 05/19/2022

05:26 PM EDT, 05/19/2022 (MT Newswires) -- Enduro Metals (ENDMF) on Thursday said it closed a private placement of common and flow-through shares that raised C$10 million.

The company said it placed one-million common shares priced at C$0.26 each, as well as 3.33-million flow-through shares priced at C$0.30 and 24-million charity flow-through shares priced at C$0.365.

"The company intends to use the proceeds of the offering for the exploration of the company's key projects located in the Golden Triangle and for general working capital purposes," it said in a release.

Enduro shares closed up C$0.005 to C$0.23 on the TSX Venture Exchange.