Angkor Gold Receives Payment From Mesco
Box 153, Sexsmith, Alberta, T0H 3C0
Canada • www.angkorgold.ca
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Angkor Gold Receives Payment From Mesco
Sexsmith, AB (March 20, 2017): Angkor Gold Corp. (TSXV: ANK and OTC: ANKOF)
(“Angkor” or “the Company”) is pleased to announce it has received ahead of schedule the
payment of USD $50,000 from Mesco Gold Ltd. (“Mesco”) towards Mesco’s final tranche of their
obligation under the Agreement of Purchase and Sale for Mineral Rights to the Phum Syarung
Prospect.
A payment schedule was announced by the Company in a press release dated March 9, 2017
where Mesco agreed to pay to Angkor the remaining USD $500,000 in instalments, with the first
payment of USD $50,000 to be made by Mesco on or before March 25 th. Mesco p aid the USD
$50,000 ahead of schedule.
Mesco is obligated to make additional payments to Angkor of USD $30,000 every three months
until the USD $500,000 is retired . If Mesco receives an amended mining license or begins to
process ore at Phum Syar ung, any remaining balance outstanding is immediately payable to
Angkor.
Angkor retains a 2.0% to 7.5 % sliding scale Net Smelter Return (NSR) on future production at
Phum Syarung based on the price of gold.
ABOUT ANGKOR GOLD CORP.
Angkor Gold Corp. is a p ublic company listed on the TSX Venture Exchange and is Cambodia’s premier
mineral explorer with a significantly large land package and a first -mover advantage building strong
relationships with all levels of government and stakeholders.
FOR FURTHER INFORMATION PLEASE CONTACT:
ANGKOR GOLD CORP.
Stephen Burega, Vice President of Corporate Development
Telephone: (647) 515-3734
Email: [email protected]
Website at: http://www.angkorgold.ca or follow us on Twitter @AngkorGold.
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 th is
release.
Certain of the statements made and information contained herein may constitute “forward -looking
information.” In particular references to the private placement and future work programs or expectations
on the quality or results of such work programs are subject to risks associated with operations on the
property, exploration activity generally, equipment limitations and availability, as well as other risks that
we may not be currently aware of. Accordingly, readers are advised not to place un due reliance on
forward-looking information. Except as required under applicable securities legislation, the Company
undertakes no obligation to publicly update or revise forward -looking information, whether as a result of
new information, future events or otherwise.