The TSX Venture Exchange has accepted for filing an amended and restated royalty purchase option agreement dated Nov. 11, 2020, between Exploraciones Mineras Del Bajio S.A. de C.V. (EMBSA) (the optionor) and Vangold Mining Corp., via its Mexican subsidiary, Obras Mineras El Pinguico S.A. de C.V., whereby the company has acquired the right and option to purchase certain underlying royalties encumbering the company’s El Pinguico project, located in the south of Guanajuato, Mexico, for the aggregate sum of $1.68-million over three years ($530,000 in the first year) and the issuance of 3.75 million units, with each unit consisting of one share and one share purchase warrant, exercisable at 17.5 cents per year for five years. There is a common director between EMBSA and the company.
Original Article: https://www.stockwatch.com/News/Item?bid=Z-C:VGLD-3002237&symbol=VGLD®ion=C
