CLEARWATER, Fla., April 9, 2014 (GLOBE NEWSWIRE) -- Proceeds of the Offering will be used by Endurance to investigate a sonar target located during a 2013 search for the shipwreck code-named "Sailfish" and to begin the search for a second lost ship code-named "Black Marlin." There is historic evidence that Sailfish sank with gold coins and passenger valuables and that Black Marlin was carrying four separate silver shipments when she sank during battle. In addition to funding operations, a successful offering will allow the Company to add search and survey equipment to its current holdings allowing Endurance to search deeper water with higher quality imaging.
The offering is being made under Regulation S and Regulation D, including the new 506(c) exemption of the Securities Act of 1933. Eligible investors interested in obtaining the Company Offering documents may request them through our website at www.enduranceexplorationgroup.com/investors, or may contact Company Director, Guy Zajonc, via email, email@example.com.
Endurance CEO, Micah Eldred said, "We are pleased to be in position to conduct this offering allowing us to grow our operations and deep-water capability. We are looking forward to a close-up look of our Sailfish target and the commencement of search for Black Marlin.
This communication shall not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Endurance Exploration Group, Inc.:
Endurance Exploration Group, Inc. specializes in historic shipwreck research, subsea search and recovery of lost ships containing valuable cargoes. Over the last 5 years, Endurance has developed a research database of over 1,400 ships that are known to be lost with valuable cargoes in the world oceans. Endurance operates the research vessel Haganes, side-scan sonar, and light inspection and work ROVs.
Cautionary Information Regarding Forward-Looking Statements.
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated. The information contained in this release is as of April 9, 2014. Endurance Exploration Group, Inc. assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.
Endurance Exploration Group, Inc. ("Endurance"), is offering up to $3,750,000 in shares of its Common Stock at a price of $.25 per share to investors in the United States that can verify to Endurance's satisfaction (and in accordance with applicable regulations) that they are accredited investors as defined in Regulation D under the Securities Act of 1933, and to investors outside of the United States pursuant to Regulation S. The shares being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state or other jurisdiction. The shares being offered to persons in the United States may not be resold except in certain transactions exempt from the registration requirements of the Securities Act and any applicable state securities laws and regulations. The shares being offered to persons outside of the United States may not be reoffered or resold by such purchasers within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the Securities Act. Each placement agent involved in the offering to purchasers outside of the United States has agreed that it will not offer, sell or deliver the shares (a) as part of its distribution at any time or (b) otherwise until six months after the later of the commencement of the offering and the closing date, within the United States or to, or for the account or benefit of, U.S. persons and it will have sent to each broker-dealer to which it sells shares in reliance on Regulation S during such six-month period, a confirmation or other notice detailing the restrictions on offers and sales of the shares within the United States or to, or for the account or benefit of, U.S. persons. Terms used in this paragraph have the meanings given to them by Regulation S under the Securities Act. Hedging transactions involving these shares may not be conducted unless in compliance with the Securities Act. The defined terms used in this legend have the meanings ascribed to them in Regulation S and the definitions of such terms contained in Regulation S are hereby incorporated herein by reference.
For more information go to www.enduranceexplorationgroup.com/investors.
Guy M Zajonc, J.D. Board of Directors (509) 448-1328
Endurance Exploration Group, Inc.
Clearwater, Florida, UNITED STATES
Guy M Zajonc, J.D. Board of Directors (509) 448-1328
Day's Range: 0.00-0.00
Previous Close: 0.30
Market Cap: 10.86M
Day's Volume: 0
Endurance Exploration Group, Inc. logo