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