Vangold Resources property agreement for El Pinguico

By | Corporate News

The TSX Venture Exchange has accepted for filing documentation pertaining to a property purchase agreement dated Dec. 16, 2016, between Vangold Resources Ltd. and Exploraciones Mineras Del Bajio SA de CV. Pursuant to the agreement, the company acquired a 100-per-cent interest in the El Pinguico property in Mexico.

Consideration for the property is $100,000 (U.S.) and five million shares of the company.

King Capital Corp. (Cameron King) received a finders’ fee of 662,500 shares of the company.

Insider/pro group participation:  not applicable

For additional information, please refer to the company’s news releases dated Dec. 23, 2016, and April 27, 2017.

Vangold Resources completes name change

By | Corporate News

Mr. Cameron King reports

VANGOLD MINING CORP. COMPLETES NAME CHANGE AND COMMENCES TRADING UNDER SYMBOL “VAN” ON THE TSX-V

Vangold Resources Ltd. has approved the name change to Vangold Mining Corp. to better reflect its continuing strategy of building the company’s asset base and developing the historical El Pinguico mine in Guanajuato, Mexico.

Effective at the open on Wednesday, May 10, 2017, Vangold Mining’s common shares will commence trading under the symbol VAN on the TSX Venture Exchange. The Cusip number assigned to the company’s common shares under its new name will be 92202K108. No action will be required by existing shareholders with respect to the name change. Certificates representing common shares of Vangold Resources will not be affected by the name change and will not need to be exchanged. There is no consolidation of capital. The company encourages any shareholder concerns in this regard to be directed to such person’s broker or agent.

Vangold Mining’s chief executive officer, Cameron King, stated, “After months of reorganizing, negotiating for new assets and building an excellent talent pool of management, the name change culminates these efforts in building a solid foundation that we can improve our assets and substantially create value for our shareholders.”

As of May 9, 2017, the company’s new website will be available and will showcase the company’s asset base as it grows and provide access to all technical reports and investor news.

About Vangold Resources Ltd.

Vangold is a development-stage silver and gold company focused on production in Guanajuato, Mexico.

Vangold Resources name change to Vangold Mining

By | Corporate News

Pursuant to a resolution passed on April 21, 2017, Vangold Resources Ltd. has changed its name as follows. There is no consolidation of capital.

Effective at the open on Wednesday, May 10, 2017, the common shares of Vangold Mining Corp. will commence trading on the TSX Venture Exchange, and the common shares of Vangold Resources will be delisted.

Capitalization:  unlimited shares with no par value of which 34,478,629 shares are issued and outstanding

Escrow:  nil

Transfer agent:  Computershare

Trading symbol:  VAN (unchanged)

Cusip No.:  92202K108 (new)

By | Corporate News

Vancouver, British Colimbia (FSCwire) – Vangold Resources Ltd. (TSX-V: VAN)(OTC:VNGRF) (“Vangold” or the “Company”) announces that it has adopted the amended and restated stock option plan (the ”Plan”) approved by shareholders at the annual general meeting held on April 10, 2017.  The Plan is subject to acceptance by the TSX Venture Exchange and reserves a fixed 6,784,614 common shares for issuance pursuant to options, less any common shares reserved for currently outstanding stock options.

The Company has also granted incentive stock options to purchase an aggregate of 4,000,000 common shares of the Company to directors, officers, employees and consultants of the Company.  The options are exercisable at a price of $0.20 for a period of five years, and are subject to TSXV acceptance of the Plan.

ABOUT VANGOLD
Vangold is a development-stage silver and gold company focused on developing its mining assets in Guanajuato, Mexico. Vangold is aggressively pursuing its business plan of becoming a producer by re-evaluating the potential of the historic El Pinguico Mine, advancing the development of our surrounding mineral property assets and pursuing growth through acquisition.  Vangold is focused on achieving strong corporate growth and realizing value for our shareholders.

ON BEHALF OF THE VANGOLD RESOURCES LTD. BOARD OF DIRECTORS

Cameron King MBA, President & CEO
Contact Information
Vangold Resources Inc.
1400-1111 West Georgia Street,
Vancouver BC, V6E 4M3
E:cking@vangold.ca
T: +1 778 945 2940

Investor Relations
E: invest@vangold.ca
T: +1 778 945 2941
www.vangold.ca

Neither theTSX Venture Exchangenor its Regulations Services Provider (as that term is defined in the policies of theTSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Vangold Completes Acquisition of Historic El Pinguico Mine, Guanajuato, Mexico

By | Corporate News

Vancouver, British Colimbia (FSCwire) – Vangold Resources Ltd., Vancouver, BC (“Vangold”) (TSX:VAN) (OTC:VNGRF) is pleased to announce the closing of its acquisition of a 100% interest in the El Pinguico Property and historic mine located 10 km from the City of Guanajuato, Mexico (the “Acquisition”) – see news release dated January 05, 2017.

Under the terms of the acquisition, Vangold has acquired 100% ownership of rights and title to the El Pinguico mining claims #166665 and #165491, totaling 71 hectares. Pursuant to the Acquisition, the Company has paid US$100,000 and issued 5,000,000 common shares to the vendors, Exploraciones Mineras Del Bajio, SA de CV (EMDB) and will issue 662,500 common shares as a finder fee.  All securities issued will be subject to a hold period expiring August 27, 2017

Cameron King, President and CEO of Vangold said, “I would like to take this opportunity to personally thank EMDB for their continuous support in working towards the closing and bringing this valuable asset into Vangold.  Our shareholders have also provided the Company great support and confidence in our corporate strategy of purchasing undervalued silver and gold properties with a focus of unlocking the true potential of these assets through continuous exploration and mine development.”

ABOUT “EL PINGUICO MINE”

Once one of Mexico’s most prolific silver and gold mines with grades over 9 g/t Au and over 900 g/t Ag, with a 15 g/t Au eq. cutoff grade, as documented assays found in the detailed mine development plans performed between 1906 to 1910.  Technical reports issued in 1907 by experts in the different areas (geology, mining, metallurgy and finance) provide documented evidence of the once profitable producer. [Prof. Robert T. Hill, 1910, Report upon the Properties of The Pinguico Mines Company, The Securities Corporation Ltd. NY, NY].  In 1913, due to the Mexican Revolution, the El Pinguico Mine ceased operations, leaving behind several hundred thousand tons of broken ore in the underground stopes and the unmined vein system continuing at depth and length.

Through several gold and silver cycles since the turn of the Century, The Pinguico mine has been a point of discussion to be put back into production.  In 1959, an extensive geological assessment was undertaken, assays grade average of 2.72 g/t Au and 251 g/t Ag were reported, with various samples throughout the underground stock pile showing grades over 5 g/t Au and 500 g/t Ag. (CRM Mexican Geological Survey 1959, ESTUDIO GEOLOGICO MINERO DE LA ZONA “EL PINGUICO” DISTRITO MINERO DE GUANAJUATO, GTO, Authors: Ing. Edgardo Meave T., Ing. Juan M Gómez, Ing. José Nava Arrieta)

Not until 2012, was there additional work conducted in the mine, a sizeable assay program and mine plan development was led by Exploraciones Mineras Del Bajio and undertaken by Servicio Geologico Mexicano – SGM (Mexican Geological Survey), showing a potential underground broken ore with average grades of 1.6 g/t of Au and 143 g/t of Ag. [SGM, 2012, Certificacion de Reservas Mineral Quebrado en la mina “El Carmen-El Pinguico” Municipio de Guanajuato, Gto.  For qualifications and key assumptions, see the Company’s news release dated January 5, 2017].

In February 2017, Vangold performed a similar assay program under 43-101 protocols, realized an 8% improvement in grade at 1.75g/t Au and 184 g/t Ag. Of specific interest, assays from the north end trench samples F-001 to F-005, of the underground stock pile, report a range of 3.78 g/t Au and 558 g/t Ag to 15.70 g/t Au and 1,475 g/t Ag.  These results are attributed to fines falling from the exposed Dos Estrellas vein stope onto the stock pile. (Vangold 43-101 Report Feb. 28, 2017, Carlos Cham QP, filed on SEDAR April 27, 2017)

Table 1 Assay Results for 2017 Trench Samples (Samples Collected by the Author) from El Pinguico Underground Stockpile

GENERAL MIDDLE VALUES OF THE EL PINGUICO STOCKPILE MIDDLE VALUES PER TRENCH
TRENCH SAMPLE WIDTH (m) Au (gr/ton) Ag (gr/ton) WIDTH (m) Au (gr/ton) Ag (gr/ton)
1 F-052 4.00 1.145 20 12.00 1.14 60.10
STANDARD
F-054 4.00 1.005 27.3
F-055 4.00 1.27 133
2 F-049 3.50 0.672 49 10.50 0.63 66.97
F-050 3.50 0.304 32.9
F-051 3.50 0.902 119
3 F-046 2.50 2.45 226 7.50 2.08 194.33
F-047 2.50 1.855 182
F-048 2.50 1.93 175
4 F-041 3.50 0.816 87.4 14.00 1.57 147.08
F-042 3.50 1.965 185
BLANK
F-044 3.50 2.66 242
F-045 3.50 0.832 73.9
6 F-038 2.20 3.21 270 6.60 1.63 135.13
F-039 2.20 0.662 60.5
F-040 2.20 1.02 74.9
7 F-036 1.60 0.531 61.5 3.20 0.84 102.75
F-037 1.60 1.14 144
8 F-034 1.30 1.895 153 2.60 1.57 116.25
F-035 1.30 1.24 79.5
9 F-029 1.75 0.648 48.8 7.00 1.71 121.23
F-030 1.75 0.736 70.1
F-031 1.75 1.65 144
F-032 1.75 3.79 222
STANDARD
10 F-025 2.20 0.214 20.4 8.80 0.42 47.55
F-026 2.20 0.403 30.5
F-027 2.20 0.596 73.5
F-028 2.20 0.451 65.8
11 F-022 2.00 1.08 207 6.00 1.21 173.67
F-023 2.00 1.48 174
F-024 2.00 1.055 140
13 F-014 3.00 1.895 186 9.00 1.16 108.20
F-015 3.00 1.105 94.8
F-016 3.00 0.476 43.8
14 F-012 2.50 1.3 146 5.00 1.32 132.50
F-013 2.50 1.345 119
15 F-009 3.75 1.015 118 7.50 1.00 100.55
F-010 3.75 0.978 83.1
BLANK
16 F-007 2.00 0.657 49.4 4.00 0.34 25.75
F-008 2.00 0.021 2.1
17 F-005 2.75 3.78 558 5.50 2.93 452.00
F-006 2.75 2.08 346
18 F-003 2.00 15.7 1475 4.00 10.73 1042.00
F-004 2.00 5.75 609
19 F-001 2.00 4.83 466 4.00 5.68 709.00
F-002 2.00 6.52 952
16-A F-064 1.57 2.2 255 4.71 1.72 250.00
F-065 1.57 1.47 216
F-066 1.57 1.495 279
17-A F-062 2.00 1.24 383 2.00 1.24 383.00
F-063 STD 0.992 66.1
18-A F-060 2.20 1.135 131 4.40 1.95 194.50
F-061 2.20 2.76 258

The potential of el Pinguico claims is important, where the main targets are to explore the lower Pinguico vein below the existing old workings. Also, the potential intersection of the Pinguico vein with the Mother Vein, which has been the most important ore source of the area, producing over a billion ounces of silver since 1500’s. In addition of these 2 main targets, the exploration and understanding of the existing exposed veins such as the San Jose vein, Pachuca vein, el Pirul vein, La Joya vein and el Pino vein have been targeted for immediate exploration programs.

 

ABOUT VANGOLD MINING

 

Vangold is a development stage silver and gold company focused on production in Mexico.  Vangold is aggressively pursuing its business plan of becoming a producer through the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to Vangold achieving its aggressive corporate growth objectives.

Qualified Persons

The disclosure of historical, scientific or technical information regarding the Property in this news release has been reviewed and approved by Mr. Hernan Dorado Smith, Director.  Mr. Dorado is a Qualified Person (QP) by the Mining and Metallurgical Society of America (MMSA) as defined in National Instrument 43-101 and has reviewed and approved the contents of the news releases.

ON BEHALF OF THE BOARD OF VANGOLD RESOURCES LTD.

Cameron King, President & CEO

Contact Information:

Vangold Resources Ltd.

1400-1111 West Georgia Street,

Vancouver BC, V6E 4M3

E: cking@vangold.ca

T: +1 604 499 6545 W: www.vangold.ca

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release includes certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and similar words or expressions, identify forward-looking statements or information.

These statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or information and the Company has made assumptions and estimates based on or related to many of these factors.

Investors are cautioned against attributing undue certainty to forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

None of the securities anticipated to be issued pursuant to the Arrangement have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and any securities issued in the Arrangement are anticipated to be issued in reliance upon available exemptions from registration requirements pursuant to Section 3(a) (10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Vangold Resources Ltd. Announces the Filing of Its NI 43-101 Technical Report for the El Pinguico Mine High Grade Silver and Gold Project

By | Corporate News

Vancouver, British Colimbia (FSCwire) – Vangold Resources Ltd. (“Vangold” or the “Company”) (TSX:VAN) is pleased to announce the release of the February 28, 2017 NI 43-101 Technical Report for the “El Pinguico Mine” (the “Technical Report”) located 10 km from the City of Guanajuato, Mexico.

The Technical Report was authored by Mr. Carlos Cham Domínguez, C.P.G., an independent Qualified Person (as that term is defined in NI 43-101). The report has been filed on SEDAR and can be accessed directly from the Company’s website at www.vangold.ca.

Cameron King, President & CEO of Vangold Resources Ltd, commented; “This is a significant milestone for the Company. The Technical Report offers detailed history, collection and sampling of the underground stock mineral pile. The Company is also in the initial days of a three-month Exploration Program for 3D modelling and drill site selection.  The Company will announce progress reports throughout the term of the Exploration Program”

ABOUT VANGOLD MINING

Vangold is a development stage silver and gold company focused on production in Mexico.  Vangold is aggressively pursuing its business plan of becoming a producer through the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to Vangold achieving its aggressive corporate growth objectives.

Qualified Persons

The disclosure of historical, scientific or technical information regarding the Property in this news release has been reviewed and approved by Mr. Hernan Dorado Smith, Director.  Mr. Dorado is a Qualified Person (QP) by the Mining and Metallurgical Society of America (MMSA) as defined in National Instrument 43-101 and has reviewed and approved the contents of the news releases.

ON BEHALF OF THE BOARD OF VANGOLD RESOURCES LTD.

Cameron King, President & CEO

Contact Information:

Vangold Resources Ltd.

1400-1111 West Georgia Street,

Vancouver BC, V6E 4M3

E: cking@vangold.ca

T: +1 604 499 6545 W: www.vangold.ca

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release includes certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and similar words or expressions, identify forward-looking statements or information.

 

These statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or information and the Company has made assumptions and estimates based on or related to many of these factors.

 

Investors are cautioned against attributing undue certainty to forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

 

None of the securities anticipated to be issued pursuant to the Arrangement have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and any securities issued in the Arrangement are anticipated to be issued in reliance upon available exemptions from registration requirements pursuant to Section 3(a) (10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Vangold appoints three directors, closes financings

By | Corporate News | No Comments

Mr. Cameron King reports

VANGOLD APPOINTS NEW MEMBERS TO BOARD OF DIRECTORS

Vangold Resources Ltd. has appointed Mark Ashley, Hernan Dorado and Cameron Scott King to the board of directors of Vangold.

Mr. Ashley is a successful resource executive with over 30 years of experience in asset selection and optimizing mining properties for production. Vangold will be relying on Mr. Ashley to bring his in-depth knowledge of the technical, commercial and financial aspects to the development of the El Pinguico mine. As chief executive officer of LionOre Mining International, Mr. Ashley led the successful takeover by Norilsk Nickel in 2007 for $7-billion (U.S.). Mr. Ashley has held senior executive roles with several internationally listed entities, including Normandy Mining, Cluff Resources, Kagara Zinc and Apex Minerals. He was also a director of the Australian Gold Council, the Royal Flying Doctor Service (Western Australia) and a council member for Curtin University (Western Australia). Mr. Ashley has significant international corporate finance experience in the mining and resource sector, and has worked for extensive periods in China, Turkey, United Kingdom and Australia. Mr. Ashley is a fellow of the Chartered Institute of Management Accountants.

Mr. Dorado is a fifth-generation mining engineer and possesses 15 years of underground and open-pit mining experience. He has in-depth and local knowledge of the El Pinguico mine and the surrounding geological formation. Mr. Dorado has worked with several world-class producers on major projects, such as New Gold at Peak mine, Australia, and Rainy River, Canada; and Panamerican Silver at Navidad, Argentina, and La Preciosa, Mexico. His experience at the various stages of mining, prefeasibility, feasibility, construction and operations bring considerable value to Vangold. Mr. Dorado graduated as a mining engineer from Universidad de Guanajuato in 2003, received an executive MBA from Escuela Europea de Negocios, Salamanca, in 2013, and is a member of the Mineral and Metallurgical Society of America (MMSA).

In addition, Vangold has appointed Mr. King as a director and Vangold’s new president and CEO. Mr. King brings over 25 years of experience in investment banking strategy, mergers and acquisitions, and building corporate development relationships. Mr. King was a member of the corporate banking team with Bank of Nova Scotia, specializing in M&A, and senior vice-president, mid-market finance, with Jendens Financial, London, U.K. Throughout Mr. King’s career, he has held director positions with Petro Novus AG, Endeavor Energy, Quest Oil and Holloman Energy Corp. Mr. King founded the mining engineering firm Camline Mining Wear Technologies Ltd. in 1994, specializing in mineral processing, operations and efficiencies. Mr. King obtained his MBA in 1991 from Lake Superior State University, Michigan, and holds a degree in chemical engineering and bachelor of commerce from McMaster University.

Dal Brynelsen has stepped down as president and CEO, but will remain as a director and chairman of the board. Vangold is extremely grateful for his almost 30 years of dedication to Vangold, and will continue to rely on Mr. Brynelsen’s guidance, experience and success. Mr. Brynelsen is a founding director of Griffin Mining Ltd., which is one of the few Western mining companies operating China.

Keith Anderson has also resigned as director of the company. Vangold would like to thank Mr. Anderson for his continued support and wishes him the very best in his future endeavours.

Vangold closes non-brokered private placements

The company has closed the final tranche of its $500,000 non-brokered private placement of five-cent units (see news release dated Dec. 13, 2016) and its $500,000 non-brokered private placement of nine-cent units (see news release dated Feb. 23, 2017).

The final tranche of the five-cent-unit placement consisted of 3.5 million units at a price of five cents per unit for gross proceeds of $175,000. The securities issued in the final tranche have a hold period expiring Aug. 25, 2017.

The nine-cent-unit placement consisted of 5,555,556 units at a price of nine cents per unit for gross proceeds of $500,000. Finders’ fees were paid in the amount of $10,500 and 116,667 finder warrants. All securities issued in the nine-cent-unit placement have a hold period expiring Aug. 25, 2017.

We seek Safe Harbor.

VanGold Completes $1,008,550 in Private Placements and $253,911 in Shares for Debt

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Vancouver, B.C. – Vangold Resources Ltd. (TSXV:VAN; “Vangold” or the “Company”) is pleased to announce that it has completed its non-brokered private placement of $0.05 units for gross proceeds of $500,000 (the “$0.05 Placement” – see news release dated December 13, 2016); its non-brokered private placement of $0.07 units for gross proceeds of $508,550 (the “$0.07 Placement” – see news release dated January 31, 2017); and its shares for debt settlement at $0.07 per share to settle aggregate liabilities of $253,911 (the “$0.07 SFD”). The $0.05 Placement consisted of 10,000,000 units at a price of $0.05 per unit for gross proceeds of $500,000 (for unit terms, see news release dated December 13, 2016). 1,828,920 units were issued on January 13, 2017 and have a hold period expiring May 14, 2017; an additional 4,671,080 units were issued on March 13, 2017 and have a hold period expiring July 14, 2017; and the remaining 3,500,000 units will be issued upon the completion of the Exchange’s review of submitted personal information forms.

Finder’s fees were paid in the aggregate amount of $3,750 and 75,000 finder’s warrants exercisable at $0.25 until January 13, 2020, subject to accelerated expiry upon certain events. The finder’s warrants have a hold period expiring May 14, 2017. The $0.07 Placement consisted of 7,265,000 units at a price of $0.07 per unit for gross proceeds of $508,550 (for unit terms, see news release dated January 31, 2017). These units were issued on March 13, 2017 and have a hold period expiring July 14, 2017.

Finder’s fees were paid in the aggregate amount of $13,405 and 191,500 finder’s warrants exercisable at $0.25 until March 13, 2020, subject to accelerated expiry upon certain events. The finder’s warrants have a hold period expiring July 14, 2017. The $0.07 SFD consisted of 3,627,299 common shares of the Issuer (“Shares”) at a price of $0.07 per Share to settle an aggregate of $253,911 in outstanding shareholder loans and other liabilities. These Shares have a hold period expiring July 14, 2017. The Company further reports, on behalf of Mr. Dal Brynelsen and Ms. Denise Broderick (which includes Denise Brynelsen Personal Real Estate Corp.), that on March 13, 2017, Mr. Brynelsen acquired ownership of 1,374,971 Shares pursuant to the $0.07 SFD, and upon completion of the Exchange’s review of personal information forms, Ms. Broderick will acquire ownership of 1,500,000 units comprised of a Share and full warrant pursuant to the $0.05 Placement.

Mr. Brynelsen’s holding of Shares has decreased by 1.0% (1.3% assuming exercise of Ms. Broderick’s warrants), and Ms. Broderick’s holding of Shares will increase by 4.5% (9.1% assuming exercise of Ms. Broderick’s warrants). Immediately before the acquisition, Mr. Brynelsen held 632,003 Shares or 7.9% of the issued Shares, and Ms. Broderick held 83,051 Shares or 1.0% of the issued Shares. Immediately after the acquisition, Mr. Brynelsen held 2,006,974 Shares or 6.9% of the issued Shares (6.6% assuming exercise of Ms. Broderick’s warrants), and Ms. Broderick will hold 1,583,051 Shares or 5.5% of the issued Shares (3,083,051 Shares or 10.1% assuming exercise of Ms. Broderick’s warrants).

Mr. Brynelsen provided consideration of $96,248 or $0.07 per Share through the settlement of outstanding shareholder loans. Ms. Broderick provided consideration of $75,000 or $0.05 per unit in cash. Mr. Brynelsen and Ms. Broderick acquired the securities for investment purposes. In the future, they may acquire additional securities of the Company or dispose such securities through the market or otherwise subject to a number of factors, including but not limited to general market and economic conditions, alternative investment and business opportunities, portfolio and liquidity considerations, and other circumstances. The Company further reports, on behalf of Mr. Michael Cooney, that on March 13, 2017, Mr. Cooney acquired ownership of 1,000,000 units comprised of a Share and full warrant pursuant to the $0.05 Placement, and indirectly through NEMI Northern Energy & Mining Inc. (a company controlled by Mr. Cooney) acquired ownership of a further 1,428,571 Shares pursuant to the $0.07 SFD. Mr. Cooney’s and NEMI’s holding of Shares has decreased by 4.8% (or 1.9% assuming exercise of Mr. Cooney’s warrants). Immediately before the acquisition, Mr. Cooney and NEMI held 1,469,000 Shares or 18.3% of the issued Shares. Immediately after the acquisition, Mr. Cooney and NEMI held 3,897,571 Shares or 13.5% of the issued Shares (4,897,571 Shares or 16.4% assuming exercise of Mr. Cooney’s warrants). Mr. Cooney provided consideration of $50,000 or $0.05 per unit in cash. NEMI provided consideration of $100,000 or $0.07 per Share through the settlement of outstanding shareholder loans. Mr. Cooney and NEMI acquired the securities for investment purposes. In the future, they may acquire additional securities of the Company or dispose such securities through the market or otherwise subject to a number of factors, including but not limited to general market and economic conditions, alternative investment and business opportunities, portfolio and liquidity considerations, and other circumstances. A copy of the early warning reports filed by Mr. Brynelsen and Mr. Cooney in respect of the above transactions may be obtained at www.sedar.com under the Company’s SEDAR profile, or by contacting Mr. Dal Brynelsen at (604) 830-4458. On behalf of the Board Directors Dal Brynelsen Chief Executive Officer For more information, refer to the Company website at www.vangold.ca and please contact: Corporate Finance 604.499.6545 info@vangold.ca

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements. Any statements that are not historical fact are considered forward-looking statements. Forward-looking statements cannot be guaranteed and involve assumptions and are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and not place undue reliance upon forwardlooking statements. Any forward-looking statements herein are made as of the date hereof, and the 007986000-00145466; 1 – 3 – Company disclaims any intention and assumes no obligation to update or revise any forward-looking information and statements except as required by applicable laws

VanGold Announces $500,000 Private Placement of $0.09 Units

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Vancouver, B.C. – Vangold Resources Ltd. (TSXV:VAN; “Vangold” or the “Company”) is pleased to announce that it will conduct a non-brokered private placement of up to 5,555,556 Units at a price of $0.09 per Unit for gross proceeds of up to $500,000. Each Unit will be comprised of one common share and one non-transferable share purchase warrant entitling the holder to purchase one common share of the Company at a price of $0.25 for a period of 36 months after closing subject to accelerated expiry if, at any time after four months and one day after closing, the Company’s common shares trade on the Exchange at $0.50 or more for ten consecutive trading days.

The Company further announces that its previously announce private placement of $500,000 in $0.07 units (see news release dated January 31, 2017) has been fully subscribed. In addition, the closing of the final tranche of the Company’s previously announced private placement of 10,000,000 units at a price of $0.05 per unit to raise gross proceeds of $500,000 (see news release dated December 13, 2016) and its settlement of approximately $291,248 in outstanding shareholder loans and other liabilities through the issuance of 4,160,685 shares at a price of $0.07 per share (see news release dated January 31, 2017) has been extended to close concurrently with the completion of the $0.07 private placement.

Finder fees may be paid on a portion of the private placements. The completion of the private placements, debt settlement and payment of any finder fees remains subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the placements, debt settlement and finder fees will be subject to a hold period of four months and one day after issuance.

On behalf of the Board Directors

Dal Brynelsen

Chief Executive Officer

For more information, refer the Company website at www.vangold.ca and please contact: Corporate Finance 604.499.6545 info@vangold.ca

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements. Any statements that are not historical fact are considered forward-looking statements. Forward-looking statements cannot be guaranteed and involve assumptions and are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and not place undue reliance upon forwardlooking statements. Any forward-looking statements herein are made as of the date hereof, and the 007986000-00145413; 1 – 2 – Company disclaims any intention and assumes no obligation to update or revise any forward-looking information and statements except as required by applicable laws.

Vangold Resources arranges $500,000 private placement

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Mr. Dal Brynelsen reports

VANGOLD ANNOUNCES FURTHER PRIVATE PLACEMENT AND DEBT SETTLEMENT

Vangold Resources Ltd., further to its previously announced non-brokered private placement of 10 million units at a price of five cents per unit to raise gross proceeds of $500,000, will undertake a concurrent non-brokered private placement of 7,142,858 units at a price of seven cents per unit to raise up to an additional $500,000. Each unit will comprise one common share and one non-transferable share purchase warrant entitling the holder to purchase one common share of the company at a price of 25 cents for a period of 36 months after closing subject to accelerated expiry if, at any time after four months and one day after closing, the company’s common shares trade on the exchange at 50 cents or more for 10 consecutive trading days. The company expects to close the first placement in short order. The proceeds of the first placement and second placement will be used for general working capital, including the investigation of further property acquisitions, and to finance property exploration and development activities. Finders’ fees may be paid on a portion of the first placement and second placement.

The company also intends to settle approximately $291,248 in outstanding shareholder loans and other liabilities through the issuance of 4,160,686 shares at a price of seven cents per share. The completion of the first placement, second placement and debt settlement, and the payment of any finders’ fees on the placements, remain subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the first placement, second placement and debt settlement will be subject to a hold period of four months and one day after closing.

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