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Vangold Mining 25,809,500-share private placement

2019-12-11 20:25 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 13, 2019, Oct. 10, 2019, and Nov. 20, 2019.

Number of shares:  25,809,500 shares

Purchase price:  five cents per share

Warrants:  25,809,500 share purchase warrants to purchase 25,809,500 shares

Warrant exercise price:  10 cents for a two-year period

Number of placees:  42 placees

Insiders:  Richard Silas, 500,000; James Anderson, 3.3 million; Myrmikan Gold Fund LLC (Daniel Oliver Jr.), four million

Total pro group involvement:  500,000 (one placee)

Finders' fees:  Echelon Wealth Partners, $15,200 cash and 115,000 finder warrants; Mackie Research Capital Corp., $8,498 cash and 169,950 finder warrants; Tyler Hough, $7,000 cash (Each non-transferable finder's warrant is exercisable into one common share of the company at an exercise price of 10 cents until May 8, 2021.)

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