Page Title

Pro Forma Cash Position Post Transaction & Financing - $CAD
(All numbers approximate)

Cash at 03/15/21 – post EDR down payment 2,250,000
Equity Financing ($16.95m @ $0.30) 16,950,000
Gold/Silver Loan 9,375,000
Fully Funded C$28,575,000
Cash Paid for El Cubo + VAT 9,925,000
Balance for Working Capital C$18,650,000


Pro Forma Market Capitalization Post Transaction
(All numbers approximate)

Endeavour Silver Corp. 10.9%
Myrmikan Capital LLC. (Director Daniel Oliver) 10.4%
VanGold Directors & Advisors 7.1%
VBS Exchange Pty Ltd. 4.9%
Eric Sprott 3.4%
EMA Garp Fund LP. 2.8%
Public Shareholders 60%


Pro Forma Shares Issued194,900,000
Warrants and Options ($0.10 - $0.50)
(exercise will bring in approx. CAD $24M)
Fully Diluted 263,500,000


group 167


2820 – 200 Granville Street,
Vancouver, British Columbia V6C 1S4, Canada
+1 (778) 989-5346

VanGold Mining (VGLD.V; VGLDF) is an exploration company engaged in silver and gold mineral projects in the Guanajuato region of central Mexico – an area with over 500-years of mining history. The Company’s flagship El Pinguico project is a significant past producer of high-grade silver and gold and is located 7 km south of the Guanajuato City, Mexico.