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VanGold Increases Placement to $14,550,000
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Vangold Mining Corp.: VanGold Increases Placement to $12,600,000
~ Funds to be Used to Purchase and Develop El Cubo ~
VANCOUVER, BC / ACCESSWIRE / January 19, 2021 / VanGold Mining Corp (the
Company or
VanGold ) (TSXV:VGLD) announces that due to increased demand and to allow for participation from existing security holders who may not otherwise qualify as accredited investors, the Company has expanded the size of its non-brokered private placement financing announced December 23, 2020 (the
Private Placement ). The Private Placement will now consist of a total of 42,000,000 units (
Units ) at a price of $0.30 per Unit for gross proceeds of $12,600,000. Each Unit will consist of one common share of the Company and one half (1/2) of a common share purchase warrant (each whole warrant a
Vangold Mining Corp.: VanGold Engages Behre Dolbear for PEA on El Cubo Purchase
Company or
VanGold ) (TSXV:VGLD) announces that it has engaged Behre Dolbear & Company Inc. (
Behre Dolbear ) to provide a Preliminary Economic Assessment (PEA) in relation to its purchase of the El Cubo mine and mill complex (
El Cubo ) located 8km by road northeast of the Company s El Pinguico silver-gold project near the city of Guanajuato, Mexico from Endeavour Silver Corp. (
Endeavour ), as announced on December 18, 2020.
Engages Behre Dolbear for PEA:
The Company has engaged the engineering consultancy firm of Behre Dolbear to provide third party engineering due diligence and guidance regarding the purchase, refurbishing, and operation of the El Cubo mine and mill and complete a NI 43-101 compliant PEA level study by early February 2021. This study will form part of VanGold s submission to the TSX Venture Exchange (the
VanGold Engages Behre Dolbear for PEA on El Cubo Purchase
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