Endurance Gold Strengthens Market Position with Dual Strategic Moves: Director Stake Increases, Market Maker Appointed

2026-01-12 17:30:07

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Endurance Gold Corporation (TSXV: EDG, OTCQB: ENDGF, FSE: 3EG) has announced a pair of coordinated corporate developments aimed at bolstering shareholder value and trading activity. The company successfully raised C$960,000 through warrant conversions while simultaneously securing dedicated market-making support to enhance trading efficiency.

Director Accumulates Significant Position Through Warrant Exercise

In a show of confidence, Mr. Gilliam, serving as both director and major stakeholder, converted 3,000,000 share purchase warrants into common equity, injecting C$960,000 into the company’s treasury. These warrants, originally distributed during a May 2024 financing that saw 20,000,000 units placed privately, carried an exercise price of C$0.32 per share and were set to expire on May 29, 2026.

The warrant structure had allocated one share purchase warrant for every two units acquired, meaning each warrant holder possessed conversion rights on half a common share. Mr. Gilliam’s execution of 3,000,000 warrants represents a decisive commitment to the company’s trajectory and reflects management’s bullish outlook on Endurance Gold.

Generation ICAP Appointed to Drive Liquidity

Complementing the director’s capital injection, Endurance Gold has retained Generation ICAP Inc. to furnish market-making services. The appointment targets consistent order flow and improved market depth for Endurance Gold common share endurance quotes on public exchanges.

Under the six-month initial agreement (renewable for successive six-month periods), Generation ICAP will receive a monthly retainer of C$8,500 plus applicable taxes, with an automatic 3% annual escalation clause built in. The arrangement mandates 30 days’ written notice for either party to terminate outside the renewal cycle. Notably, no equity compensation—including stock options—has been granted to the market maker.

Generation ICAP currently maintains no shareholding in Endurance Gold; however, the firm and its client base retain the option to acquire securities at market prices during the engagement period.

Strategic Implications

These concurrent moves underscore Endurance Gold’s commitment to operational transparency and capital efficiency. The warrant conversions provide immediate liquidity for exploration and operational needs, while the market-making engagement addresses a critical challenge many junior mining companies face: maintaining adequate trading volumes and bid-ask spreads. Endurance quotes should benefit from improved quotation consistency as Generation ICAP executes its mandate.

For additional information, investors may visit www.endurancegold.com or contact the company at (877) 624 2237 or info@endurancegold.com.

About Endurance Gold Corporation

Robert T. Boyd President & Chief Executive Officer

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