Business
Vangold Mining Provides Update on Intermont Resources Acquisition and Clarifies Trading Halt
VANCOUVER, BC / ACCESSWIRE / October 23, 2018 / Vangold Mining Corp. (TSXV: VAN) (" Vangold ...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"Vangold Mining Provides Update on Intermont Resources Acquisition and Clarifies Trading HaltVANCOUVER, BC / ACCESSWIRE / October 23, 2018 / Vangold Mining Corp. (TSXV: VAN) (\"Vangold\" or the \"Company\") is pleased to announce that it is now working to complete the definitive agreement to close its acquisition for 100% ownership of Intermont Resources LLC's Nevada mining claims. Further to the details of the Letter of Intent disclosed in the Company's news release dated August 27, 2018, the Company and the transaction are subject to the customary conditions of similar transactions with the TSX Venture Exchange.Other project developments relate to the Company's El Pinguico Phase 2 drilling plans. Recent efforts have been made to expedite the drilling permit by submitting requests to break out the drilling portion of the MIA (Environmental Permit) as a stand-alone submission. Once the drilling permit is granted the Company will be in a position to continue with the planned drill targets.Further to the temporary trading suspension of its shares, on Oct 22, 2018, the Company wishes to clarify the status of deficiency in maintaining the account of its Transfer Agent, Computershare Investor Services Inc., that went unpaid due to an internal mis-communication. The Company immediately corrected this issue with its Transfer Agent and has now changed its procedures to prevent a recurrence in future.Trading is expected to resume in normal course upon dissemination of this news release.About Vangold Mining Corp.Vangold Mining Corp is a Canadian-based precious metal mining company with a goal to acquire significant exploration opportunities supported by a defined set of geological principals. The Company has a diverse range of quality projects in Mexico and is now expanding with a significant land package in Nevada, USA and near production properties in Guyana, SA. Vangold will continue to expand its portfolio with near production opportunities that bring value to shareholders by providing longer term exploration upside and mineral resource growth potential.The Company's Common Shares trade on the TSX Venture Exchange under the symbol \"VAN\" and on the OTC American Exchange under the symbol \"VGLDF\".ON BEHALF OF THE BOARD OF DIRECTORS\"Cameron S. King\"President, CEO and DirectorFor further information regarding Vangold Mining Corp, plea...