TSX-V: VEIN | FSE: N071
TORONTO, June 28, 2017 /CNW/ - Enforcer Gold Corp ("Enforcer" or the "Company") (TSX-V: VEIN, FSE: N071) announces it has granted certain officers, directors, and advisors of the Company incentive stock options to purchase an aggregate of 5,975,000 common shares of Enforcer Gold exercisable at a price of C$0.20 for a period of (36) thirty-sixty months. The stock options are granted in accordance with the Company's Stock Option Plan. The grant of options remains subject to the approval of the TSX Venture Exchange.
About Enforcer Gold Corp
Enforcer Gold Corp is earning a 100% interest in the 7,300-hectare Montalembert Gold Project located west of Chibougamau in Quebec's prolific Abitibi greenstone belt. The property lies five kilometers from a paved highway and hydro-electric power and has easy access to skilled labour, fuel, accommodation and other industry-related services, allowing for relatively low exploration costs. The Company recently commenced a comprehensive field exploration program that will include the first ever large-diameter core drilling on the high-grade Galena and No. 2 veins. The exploration program is expected to run uninterrupted through the late fall of 2017. Enforcer Gold has committed over $2.2M to fund its 2017 exploration program.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release contains "forward-looking statements" that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding the Company's plans with respect to the exploration of its Montalembert Project, the exploration potential and analogous deposit potential of the Montalembert Project and the timing of the Company's exploration programs. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors may include, but are not limited to, the results of exploration activities; the ability of the Company to complete further exploration activities; the ability of the Company to complete transactions on terms announced; timing and availability of external financing on acceptable terms and those risk factors outlined in the Company's Management Discussion and Analysis as filed on SEDAR. Enforcer Gold does not undertake to update any forward-looking information except in accordance with applicable securities laws.
SOURCE Enforcer Gold
For further information: regarding Enforcer Gold, please visit www.enforcergold.com or contact: Steve Roebuck, President & CEO, T: (647) 496-7984, C: (905) 741-5458, E: [email protected]