Mr. James Anderson reports
VANGOLD MINING CORP. INCREASES PRIVATE PLACEMENT
Due to increased demand, Vangold Mining Corp. has expanded the size of its non-brokered private placement financing announced July 21, 2020. The financing will now consist of a total of 24.5 million units at a price of 15.5 cents per unit for gross proceeds of $3,797,500. Each unit will consist of one common share of the company and one-half of a common share purchase warrant, with each warrant entitling the holder to purchase an additional common share of the company at a price of 25 cents within two years of closing, subject to acceleration in certain events. All other terms of the financing as announced on July 21, 2020, remain the same.
About Vangold Mining Corp.
Vangold Mining is an exploration company engaged in the exploration of mineral projects in the Guanajuato region of central Mexico. The company's flagship El Pinguico project is a significant past producer of high-grade gold and silver and is located just seven kilometres south of the city of Guanajuato, Mexico. The company remains focused on the near-term potential for development and monetization of both its surface and underground stockpiles of mineralized material from El Pinguico.
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