November 20, 2019 – Vancouver, British Columbia – Vangold Mining Corp. (the “Company” or “Vangold”) (TSXV:VAN) provides the following up-dates:
Private Placement
By news release dated March 13, 2019 the Company announced a private placement of $500,000 or 10,000,000 units at a price of $0.05 per unit, which private placement was increased to $700,000 or 14,000,000 units on March 28, 2019 and further increased to $1,200,000 or 24,000,000 units on October 10, 2019. Each unit consists of one common share of the Company and one share purchase warrant; each warrant entitling the holder to purchase an additional common share at a price of $0.10 within two years of closing.