VanGold Announces Private Placement

Vangold Mining

VANCOUVER, BC / ACCESSWIRE / December 23, 2020 / Further to the Company’s proposed acquisition of the El Cubo mine and mill complex in the Guanajuato mine region of Mexico (the “El Cubo Complex“) announced December 18, 2020, VanGold Mining Corp (the “Company” or “VanGold“) (TSXV:VGLD) announces a part and parcel non-brokered private placement financing of up to 25,000,000 units (“Units“) at a price of C$0.30 per Unit for gross proceeds of approximately C$7,500,000 (the “Financing“). Each Unit will consist of one common share of the Company and one half (1/2) of a common share purchase warrant (each whole warrant a “Warrant“); with each Warrant entitling the holder to purchase one common share of the Company at a price of C$0.45 within three years of closing, subject to acceleration in certain events.

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