Toronto (pcJ News Briefs) – Enforcer Gold Corp. (TSX-V: VEIN, FSE: N071) intends to complete a non-brokered private placement financing of up to 4,000,000 flow-through (FT) shares at $0.25 per FT share and 5,000,000 NFT units at $0.20 per NFT unit for aggregate gross proceeds of up to $2,000,000.
The proceeds from the sale of FT Shares will be used for Canadian Exploration Expenses and Osisko Mining Inc. (TSX: OSK) will be participating as a subscriber to this offering.
Each NFT unit will consist of one common share and one half of one common share purchase warrant, with each whole warrant exercisable to acquire one common share at a price of $0.30 for a period of 24 months following the closing date of the offering.
Enforcer Gold Corp, formerly Natan Resources, 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.
photo credit: Enforcer Gold