TSX-V: VEIN | FSE: N071
TORONTO, Nov. 26, 2018 /CNW/ - Enforcer Gold Corp
("Enforcer" or the "Company") (TSX-V: VEIN; FSE: N071) announces
that it has received approval from the TSX Venture Exchange for a
share consolidation (the "Consolidation") on the basis of three (3)
pre-Consolidation common shares (the "Shares") for one (1)
post-Consolidation Share as previously announced on October 29, 2018. Post-Consolidation, the Company
shall have approximately 21,462,911 shares issued and outstanding.
As referenced in the announcement on October
29, 2018, the Company continues its plans to complete a
non-brokered private placement of up to $1,500,000 and a property acquisition in the
Red Lake area of northwestern
Ontario and is awaiting any
comments from the TSX Venture Exchange.
About Enforcer Gold Corp
Enforcer Gold Corp is a Canadian-based mineral exploration
company and is earning a 50% interest in the royalty-free Roger
project from SOQUEM. Roger hosts the Mop-II gold-copper deposit
located 5 km from the historic mining center of Chibougamau, Quebec. The Mop-II contains an
Indicated resource of 333,000 contained gold equivalent ounces
(10,900,000 tonnes @ 0.85 g/t) and an Inferred resource of 202,000
contained gold equivalent ounces (6,569,000 tonnes @ 0.75 g/t).
Details of the mineral resource estimate are provided in the
Company's September 18, 2018 press
release and technical report filed on SEDAR. Mineral resources that
are not mineral reserves do not have demonstrated economic
viability.
Enforcer also holds a 100% interest in the Waswanipi gold project located 125 km west of
Chibougamau. Both projects are
situated within the prolific Abitibi greenstone belt, which has
produced over 180 M oz. of gold and
over 450 M tonnes of copper-zinc ore
since the early 1900s.
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 completion of a share consolidation, the ability to
raise the funds to finance its ongoing business activities
including the acquisition of mineral projects and the exploration
and development of its projects. 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