New Issue: Endurance Fund wraps C$1.85 million private placement of units

By Devika Patel

Knoxville, Tenn., Dec. 27 - The Endurance Fund Corp. completed a private placement of units, raising C$1.85 million.

The company sold 1,845,250 units at C$1.00 apiece. Each unit consists of either one flow-through or one non flow-through common share and one half-share warrant. Each whole warrant will be exercisable at C$1.25 for 18 months.

The company paid C$120,620 in finder's fees and issued 120,000 options. Each option is exercisable for one non flow-through common share at C$1.00 for one year.

The Endurance Fund is a Toronto-based capital pool company.

Issuer:	The Endurance Fund Corp.
Issue:	Units of either one flow-through or one non flow-through common share and one half-share warrant
Amount:	C$1,845,250
Units:	1,845,250
Price:	C$1.00
Warrants:	One half-share warrant per unit
Warrant expiration:	18 months
Warrant strike price:	C$1.25
Fees:	C$120,620, 120,000 options
Settlement date:	Dec. 27
Stock symbol:	NEX: END.H

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