Toronto, Ontario (Newsfile Corp. - June 2, 2021) - OCIM Precious Metals SA ("OCIM") is pleased to announce that it has signed a definitive agreement with VanGold Mining (TSXV: VGLD) ("VanGold") to provide
VanGold Signs US$7.5m Silver/Gold Loan Facility
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Financing Enhances Liquidity During El Cubo Refurbishment
VANCOUVER, BC / ACCESSWIRE / June 1, 2021 / VanGold Mining Corp. (the
Company or
VanGold ) (TSXV:VGLD)(OTCQX:VGLDF) is pleased to announce that it has signed a definitive agreement with European based metals trading firm OCIM Group to obtain a non-dilutive US$7.5m financing in the form of a silver and gold loan to strengthen its balance sheet during the refurbishment of the Company s El Cubo mine and mill complex located approximately 11 kilometers east of Guanajuato City, in central Mexico.
Loan Facility:
First discussed in VanGold s news release of December 18, 2020 (click here for news release), the loan is for an 18-month term, including an initial six-month payment-free grace period, and is then repayable over the following 12 months with the Company delivering a set number of silver and gold ounces on a monthly basis. The number of silver and gold oun
Vangold Mining Corp.: VanGold Signs US$7.5m Silver/Gold Loan Facility
VANCOUVER, BC / ACCESSWIRE / June 1, 2021 / VanGold Mining Corp. (the
Company or
VanGold ) (TSXV:VGLD)(OTCQX:VGLDF) is pleased to announce that it has signed a definitive agreement with European based metals trading firm OCIM Group to obtain a non-dilutive US$7.5m financing in the form of a silver and gold loan to strengthen its balance sheet during the refurbishment of the Company s El Cubo mine and mill complex located approximately 11 kilometers east of Guanajuato City, in central Mexico.
Loan Facility:
First discussed in VanGold s news release of December 18, 2020 (click here for news release), the loan is for an 18-month term, including an initial six-month payment-free grace period, and is then repayable over the following 12 months with the Company delivering a set number of silver and gold ounces on a monthly basis. The number of silver and gold ounces will be fixed at a discount to the spot price
VanGold Drills 674 gpt AgEq over 0.55m and 913 gpt AgEq over 0.75m
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Underground Drilling Continues at El Pinguico
VANCOUVER, BC / ACCESSWIRE / May 3, 2021 / VanGold Mining Corp (the
Company or
VanGold ) (
TSXV:VGLD) is pleased to provide initial drilling results from the ongoing diamond drill program at its El Pinguico project located 7km south of the city of Guanajuato, Mexico.
The drill holes discussed below were drilled in February and March 2021 and are part of the first modern drilling ever done at the El Pinguico property to systematically drill test in-situ epithermal veins known to exist on the property.
Chairman and CEO James Anderson remarked: We know a great deal about the El Pinguico project due to the fact that we can enter the 110-year-old mine in several areas and see the work of the miners from that era. From a geological and exploration perspective however, we are at the very beginning of our journey. These first holes have provided VanGold ge
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