VanGold Increases Placement to $12,600,000

Vangold_190121

VANCOUVER, BC / ACCESSWIRE / January 19, 2021 / VanGold Mining Corp (the “Company” or “VanGold“) (TSXV:VGLD) announces that due to increased demand and to allow for participation from existing security holders who may not otherwise qualify as accredited investors, the Company has expanded the size of its non-brokered private placement financing announced December 23, 2020 (the “Private Placement“). The Private Placement will now consist of a total of 42,000,000 units (“Units“) at a price of $0.30 per Unit for gross proceeds of $12,600,000. 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 an additional common share of the Company at a price of $0.45 within three years of closing, subject to acceleration in certain events. All other terms of the Private Placement as announced on December 23, 2020 remain the same.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s