Vangold Resources Ltd. (TSXV:VAN) announced a non-brokered private placement of 7.14 million units to raise up to an additional CAD 0.5 million. Previously, Vangold announced a non-brokered private placement of 10 million units to raise CAD 0.5 million. The proceeds from these two placments will be used for general working capital, including the investigation of further property acquisitions, and to fund property exploration and development activities.