Vangold Resources Ltd.
VANGOLD RESOURCES LTD. TSX-V:VAN NEWS RELEASE
VANGOLD ANNOUNCES CEASE TRADE ORDER LIFTED -------------------------------------------------------------------------------------------------------------------------------
August 16th, 2016 – Vancouver, BC – Vangold Resources Ltd. ("Vangold" or the "Company") (TSX-V: VAN) announces that it has filed its audited annual financial statements for the year ended December 31, 2015, and its interim financial statements for the quarter ended March 31, 2016. As a result, the cease trade order issued by the BC Securities Commission as it applies to Vangold was revoked on August 10th.
Pursuant to the requirements of the TSX Venture Exchange, the Company will also make an application for reinstatement to trading and will be submitting an exploration, finance and capital and debt restructuring plan to the TSX Venture Exchange. The Company plans to start explorations on the company's Rossland South belt property as soon it receives regulatory approval.
On Behalf of the Board of
VANGOLD RESOURCES LTD.
"Dal Brynelsen"
Dal Brynelsen, President, CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 VANGOLD RESOURCES LTD. Page 2 of 2
statements. The Company assumes no obligation to update any forward looking statements, whether as a result of new information, future events or otherwise.