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Enforcer Gold (TSXV: VEIN) announced a non-brokered Private Placement

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The company now plans to raise up to $4 million through the offering of both regular and flow-through units. The company plans to issue up to 10 million regular units priced at $0.20 per unit, along with up to 8 million flow-through units priced at $0.25 per unit.

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Company: Enforcer Gold
Website: http://www.enforcergold.com
Stock Symbol: TSXV: VEIN
Date Published: Apr 13, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Enforcer Gold has increased the size of its previously announced a non-brokered private placement.

The company now plans to raise up to $4 million through the offering of both regular and flow-through units. The company plans to issue up to 10 million regular units priced at $0.20 per unit, along with up to 8 million flow-through units priced at $0.25 per unit.

Both units consist of 1 share and one-half a warrant, with each full warrant exercisable at $0.30 for 24 months.

The shares are currently trading at $0.22, and with 40.3 million shares outstanding, the company is capitalized at $9.9 million.

Enforcer Gold Corp is earning a 100% interest in the 7300-square hectare high-grade Montalembert gold project located west of Chibougamau in Quebec's prolific Abitibi Greenstone Belt.

The project is very well situated only 5 kilometers from a paved highway, hydro-electric power and with easy access to skilled labour, fuel, food and accommodation it makes exploration costs extremely low.

The company recently announced channel sample assays from the Galena vein, taken 20 metres apart along strike length.

Steve Roebuck, CEO of Enforcer Gold Corp states; "We are very encouraged by the results of the samples selected for the metallic sieve analysis technique. Seven of the nine samples increased in grade while two decreased. The most remarkable increase came from sample ID # D110103 which increased from 5.59 grams per tonne gold to 108.21grams per tonne gold, or 1,835%. It was very important that we made this discovery now before the summer exploration program commences as we now know that assaying around the high-grade gold Galena vein & Vein #2 needs to include metallic sieve assaying techniques. It is a more expensive process but the higher quality results clearly demonstrate that the additional costs are warranted."

Enforcer Gold has committed over $2.2 million to fund its 2017 exploration program which includes; data compilation, ground and airborne geophysics, stripping of overburden, mapping, prospecting, channel sampling, RC and diamond drilling.

For more information, please visit the company’s website, www.enforcergold.com, contact Steve Roebuck, CEO, at 647-496-7983 or email contact@enforcergold.com.

I’m Samantha Deutscher for Investmentpitch Media