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
ACCESSWIRE
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
/PRNewswire/ OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Vangold Mining Corp..
VanGold Shares to Trade on OTCQX
ACCESSWIRE
Company Files Amended PEA Technical Report
VANCOUVER, BC / ACCESSWIRE / May 19, 2021 / VanGold Mining Corp. (the
Company or
TSXV:VGLD)(
OTCQX:VGLDF) is pleased to announce its shares will begin trading today on the OTCQX Best Market in the United States, after being upgraded from the Pink® market, under the symbol
VGLDF .
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.