VanGold Increases Placement to $16,950,000

Vangold 17022021

VANCOUVER, BC / ACCESSWIRE / February 17, 2021 / VanGold Mining Corp (the “Company” or “VanGold“) (TSXV:VGLD) announces that due to increased demand, the Company has further expanded the size of its non-brokered private placement financing announced December 23, 2020 (the “Private Placement“) and expanded on January 19, 2021 and January 25, 2021. The Private Placement will now consist of a total of 56,500,000 units (“Units“) at a price of $0.30 per Unit for gross proceeds of $16,950,000. 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.

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