The Endurance Fund Corp.
NEX BOARD : END.H

November 16, 2007 09:46 ET

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

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2007) - As previously announced on November 2, 2007, The Endurance Fund Corp. ("Endurance")(NEX:END.H), a capital pool company, received conditional approval from the TSX Venture Exchange (the "Exchange") on October 31, 2007 to complete the acquisition of 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 Exchange (the "Policy"). Endurance and NAUC are presently engaged in completing all necessary steps in order to close the transaction, including those conditions of the Exchange set forth in its conditional approval letter.

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 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) 742-5600