Vangold Resources Ltd. (TSXV:VAN) announced a non-brokered private placement of 7,142,858 units at CAD 0.7 per unit for gross proceeds of CAD 500,000 on January 31, 2017. Each unit consists of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.25 per share for a period of 36 months from the date of closing subject to accelerated expiry if, at any time after four months and one day after closing, the company’s common shares trade on the exchange at CAD 0.50 or more for ten consecutive trading days. All securities issued pursuant to the transaction will be subject to a hold period of four months and one day after closing. The transaction is subject of the TSX Venture Exchange.