Vangold Closes First Tranche of Private Placement
VANGOLD CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
VANCOUVER, BC, November 9, 2017
Vangold Mining Corp. (“Vangold”) (TSX-V: VAN) (OTC-VGLDF) is pleased to announce that it
has successfully closed a first tranche of its private placement financing previously announced on
October 30, 2017 by issuing 7,744,000 units (“Units”) for gross proceeds of $542,080. Each Unit
consists of one common share of Vangold (each, a “Share”) and one non-transferable share
purchase warrant (each, a “Warrant”), with each Warrant entitling the holder to purchase one
additional Share at a price of $0.25 per Share for a period of four years following the date of
issuance.
In connection with the proceeds raised under the private placement financing, Vangold paid
finders cash commissions totaling $28,420, and 406,000 brokers warrants, with each Warrant
entitling the holder to purchase one additional Share at a price of $0.25 per Share for a period of
four years following the date of issuance.
The securities issued under the financing will be subject to a hold period expiring on March 10,
2018 pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange.
Vangold intends to use t he proceeds to fund additional assay programs on the over-ground and
under-ground stockpiles and infrastructure development on its Pinguico mine project, and for
general working capital covering operations in Guanajuato, Mexico and Vancouver, BC.
ON BEHALF OF THE BOARD OF DIRECTORS
“Cameron S. King”
President, CEO and Director
For further information contact:
T: 1-778-945-2940
Further information is available on Vangold's web site at: www.vangoldmining.com.
Cautionary Statement Regarding Forward Looking Information
This News Release may contain, in addition to historical information, forward -looking statements. These forward -looking statements
are identified by their use of terms and phases such as “believe, ” “expect,” “plan,” “anticipate” and similar expressions identifying
forward-looking statements. Investors should not rely on forward -looking statements because they are subject to a variety of risks,
uncertainties and other factors that could cause actual results to differ materially from Vangold's expectations, and expressly does not
undertake any duty to update forward -looking statements. These factors include, but are not limited to the following, limited operating
history, proposed exploration and/or drill programs and other factors which may cause the actual results, performance or achievements
of Vangold to be materially different from any future results, performance or achievements expressed or implied by such forward -
looking statements.
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.