Vangold Mining Corp. Arranges Shares for Debt Transactions
Vangold Mining Corp. Arranges Shares for Debt Transactions
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
June 12, 2019 – Vancouver, British Columbia – Vangold Mining Corp (the “ Company” or “ Vangold”)
(TSXV:VAN) announces that it has entered into debt settlement agreements with two arm’s length
parties for accrued fees for services provided to the Company. The Company has agreed to issue an
aggregate of 383,540 common shares (the " Shares") at a deemed price of $0.05 per Share to settle
indebtedness of $ 19,182. The Company chose to settle this indebtedness for Shares in order to
preserve cash for current operations.
The issuance of Shares is subject to acceptance of the TSX Venture Exchange and a 4 -month plus one
day hold period .
About Vangold Mining Corp.
On December 27, 2018 Vangold announced its intention to complete a Reverse Take Over transaction of
private company Aventura Gold Ltd. to gain control of 100% of the Tassawini gold project in Guyana,
South America . Completion of the transaction is subject to a number of conditions including, but not
limited to, Exchange acceptance and, if applicable, disinterested shareholder approval. There can be no
assurance that the transaction will be completed as proposed or at all and accordingly trading in
securities of Vangold should be considered highly speculative.
ON BEHALF OF THE BOARD OF DIRECTORS
"James Anderson"
Chairman and CEO
For further information regarding Vangold Mining Corp, please contact:
James Anderson, Director, +1 (778) 989-5346
Email: [email protected]
Continue to Follow, Like and Watch our progress: Web: www.vangoldmining.com
Neither the 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.
Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance (including,
but not limited to, the proposed acquisition of the Tassawini gold project in Guyana, South America and the anticipated
completion thereof) and reflect management’s current expectations and assumptions. Such forward-looking statements reflect
management’s current beliefs and are based on assumptions made by and information currently available to the Company.
Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and
uncertainties that may cause future results to differ materially from those expected including, but not limited to, market
conditions, availability of fi nancing, actual results of exploration activities, environmental risks, future prices of gold and other
metals, operating risks, accidents, labor issues, delays in obtaining governmental or regulatory approvals and permits, and other
risks in the mining in dustry. All the forward -looking statements made in this news release are qualified by these cautionary
statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward -looking
statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect
new events or circumstances save as required by applicable law.
THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL
SECURITIES AND THE COMPANY IS NOT SOLICITING AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN.
THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO
U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.