Angold Announces Increase in Private Placement

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[{"type":"text","content":"Angold Announces Increase in Private PlacementVancouver, British Columbia--(Newsfile Corp. - December 1, 2021) - Angold Resources Ltd. (TSXV: AAU) (FRA: 13L) (OTCQB: AAUGF) (\"Angold\" or the \"Company\") is pleased to announce that due to investor demand it has increased the size of its private placement, as previously announced on November 29, 2021. Angold now proposes to issue up to 22,727,273 units at $0.11 per unit (\"Units\") for total gross proceeds of up to C$2,500,000 (the \"Offering\"). Each Unit will consist of one common share and one common share purchase warrant (\"Warrant\"). Each Warrant will be exercisable at $0.165 per share for three years following the closing date of the Offering.The Offering is subject to approval of the TSX Venture Exchange and the securities will be subject to a four month hold period under Canadian securities laws. Net proceeds from the Offering will be used to advance the Company's projects as well as for general working capital purposes. In connection with completion of the Offering, the Company may pay finders fees to eligible third-parties who have assisted in introducing subscribers to the Offering.About AngoldAngold is an exploration and development company targeting large-scale mineral systems in the proven districts of the Maricunga, Nevada and Ontario. Angold owns a 100% interest in the Dorado, Cordillera and South Bay-Uchi projects, and certain claims that append the optioned Iron Butte project.ON BEHALF OF THE BOARD OF ANGOLD RESOURCES LTD.\"Adrian Rothwell\"Chief Executive OfficerFurther information on Angold can be found on the Company's website at www.angoldresources.com and at www.sedar.com, or by contacting the Company by email at [email protected] or by telephone at (855) 917 4091. This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.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 forward-lookin...

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