trending Market Intelligence /marketintelligence/en/news-insights/trending/e4daG2ty84CzRz1eRb4GMw2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Vangold to purchase option on gold mining license in Guyana


COVID-19 Impact & Recovery: Metals and Mining Outlook for H2 2021


Climate Credit Analytics: Linking climate scenarios to financial impacts


Essential Metals & Mining Insights, April 2021


Global M&A Infographic Q1 2021

Vangold to purchase option on gold mining license in Guyana

Vangold Mining Corp. entered a binding letter of intent to fully acquire Aventura Gold Ltd. for US$4.0 million cash and C$12.0 million in shares.

Aventura is a privately held mineral acquisition company, and holds an option to acquire the gold-prospective Tassawini mining license in Guyana.

Concurrent to the closing, the company will conduct equity financing of up to C$10.0 million at the same price as the equity payment, it said Dec. 24.

The transaction is conditional on Vangold consolidating its shares on a 2-for-1 basis, signing a definitive agreement, and securing financing and completing a technical report on the property.

Additionally, Vangold appointed Robert Kang as a director, effective immediately.