The Endurance Fund Corp.

August 13, 2007 14:40 ET

The Endurance Fund Corp. Announces Its Intention to Make an Advance to North American Uranium Corp.

TORONTO, ONTARIO--(Marketwire - Aug. 13, 2007) - As previously announced on March 6, 2007, The Endurance Fund Corp. ("Endurance")(NEX BOARD:END.H), a capital pool company, entered into a Letter of Intent on March 2, 2007 to acquire all of the issued and outstanding securities of North American Uranium Corp. ("NAUC"). This acquisition is proposed to constitute the Qualifying Transaction for Endurance pursuant to Policy 2.4 of the TSX Venture Exchange (the "Policy"). Endurance and NAUC are presently engaged in fulfilling all conditions precedent to the closing of this Qualifying Transaction, including compliance with all regulatory requirements and application for conditional approval of the Qualifying Transaction.

Endurance is announcing today that it intends to advance to NAUC the sum of Two Hundred and Twenty-five Thousand Dollars ($225,000) as a secured loan, in accordance with the provisions of the Policy and subject to acceptance by the TSX Venture Exchange.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • The Endurance Fund Corp.
    Jason Monaco
    Chief Executive Officer
    (416) 642-5600