Endurance Exploration Group, Inc. (OTCPK:EXPL) announced a private placement of 15,000,000 common share at $0.25 per share for gross proceeds of $3,750,000 on April 9, 2014. The company will issue securities pursuant to exemption provided under Regulation D and Regulation S.

On August 28, 2014, Endurance Exploration Group, Inc. (OTCPK:EXPL) closed the transaction. The company issued 132,000 common shares for $33,000 from two investors. The minimum investment accepted from any outside investor is $1,000. GVC Capital LLC and Freedom Investors Corp., Advisory Arm acted as placement agents and received $300,000 as sales commission. Freedom Investors Corp., Advisory Arm is lead advisor to the company.