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Vangold Resources property agreement for El Pinguico

May 9th 2017 | by Vangold

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.