Vancouver, British Columbia -VanGold Mining Corp (the “Company” or “VanGold“) (TSXV:VGLD) announces that due to increased demand the Company has expanded the size of its non-brokered private placement financing announced July 21, 2020 (the “Financing“). The Financing will now consist of a total of 24,500,000 units (“Units“) at a price of $0.155 per Unit for gross proceeds of $3,797,500. Each Unit will consist of one common share of the Company and one half (1/2) of a common share purchase warrant (each whole warrant a “Warrant“); with each Warrant entitling the holder to purchase an additional common share of the Company at a price of $0.25 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 and development company engaged in reactivating high-grade past producing silver and gold mines near the city of Guanajuato, Mexico. The Company’s El Pinguico project is a significant past producer of both silver and gold located just 7km south of the city. The Company remains focused on the near-term potential for development and monetization of its surface and underground stockpiles of mineralized material at El Pinguico, and in developing silver and gold resources through underground and surface drilling on projects located in this historic mining camp.
ON BEHALF OF THE BOARD OF DIRECTORS
Chairman and CEO
For further information regarding VanGold Mining Corp, please contact:
James Anderson, Director, +1 (778) 989-5346
Email: [email protected]