Vangold Resources Ltd.
VANGOLD RESOURCES LTD. TSX-V: VAN
NEWS RELEASE
VANGOLD ANNOUNCES COMPLETION ON DEBT SETTLEMENT AND PROPERTY TRANSFER AGREEMENT -------------------------------------------------------------------------------------------------------------------------------
Vancouver, British Columbia – September 8th , 2014 Vangold Resources Ltd. (the “Company” or “Vangold”) (TSX-V: VAN) is pleased to announce that it has completed the debt settlement and property transfer agreement terms with a group of creditors (“PNG Creditor Group”) as noted in its press release dated February 5th, 2014.
Vangold continues to focus on its joint venture under the exploration and production sharing agreement with the government of Armenia. Vangold considers its concessions, which cover roughly half the country, to hold a very high potential for a major hydrocarbon find as they are adjacent to oil rich countries Azerbaijan, Georgia and Iran.
Vangold is a publicly traded, Canadian exploration company focused on advancing its portfolio of global mineral and petroleum assets.
On Behalf of the Board of Directors,
“Dal Brynelsen”
Dal Brynelsen, President and CEO
Disclaimer for Forward Looking Information
This news release includes forward looking statements that are subject to assumptions, risks and uncertainties. Statements in this news release which are not purely historical are forward looking statements, including without limitation any statements concerning the Company's intentions, plans, estimates, expectations or beliefs regarding the future. Although the Company believes that any forward looking statements in this news release are reasonable, there can be no assurance that any such forward looking statements will prove to be accurate. The Company cautions readers that all forward looking statements, including without limitation those relating to the Company's future operations and business prospects, are based on assumptions none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward looking statements.
Any forward looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward looking statements. The Company assumes no obligation to update any forward looking statements, whether as a result of new information, future events or otherwise.
7681 Prince Edward Street, Vancouver, BC, Canada V5X 3R4 T 778.828.2670 • www.vangold.ca