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September 26, 2018 -- Vancouver, BC – Vangold Mining Corp. (the “Company” or “Vangold”) (TSX-V: VAN), (USOTC:VGLDF) announces the closing of the first tranche of its non-brokered private placement announced August 23, 2018. A commission was paid on a portion of the private placement.
On closing the Company issued 5,952,588 common shares at a price of $0.05 per share for gross proceeds of $297,649.40. A finder’s fee of $9,074.10 was paid. The shares are subject to a four-month hold period from the closing of the private placement.
Vangold intends to use the proceeds for the acquisition of Intermont Resources LLC, disclosed in the news released dated August 27, 2018, and for general working capital.
About Vangold Mining Corp.
Vangold Mining Corp is a Canadian-based precious metal mining company whose goal is to acquire significant exploration opportunities supported by a defined set of geological principals. The Company has a diverse range of quality projects in Mexico and is now expanding with a massive land package in Nevada, USA. Vangold will continue to expand its portfolio with near production opportunities that bring value to shareholders by providing longer term exploration upside and mineral resource growth potential.
ON BEHALF OF THE BOARD OF DIRECTORS
/s/Cameron S. King
President, CEO and Director
For further information contact:
Further information is available on Vangold Mining's website at: www.vangoldmining.com.
Cautionary Statement Regarding Forward Looking Information
This News Release may contain, in addition to historical information, forward-looking statements. These forward-looking statements are identified by their use of terms and phases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from Vangold's expectations, and expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to the following, limited operating history, proposed exploration and/or drill programs and other factors which may cause the actual results, performance or achievements of Vangold to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
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