Last C$0.02 CAD
Change Today 0.00 / 0.00%
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As of 2:34 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

vangold resources ltd (VAN) Snapshot

Open
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Previous Close
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Day High
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Day Low
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52 Week High
10/18/13 - C$0.09
52 Week Low
12/23/13 - C$0.02
Market Cap
462.3K
Average Volume 10 Days
47.7K
EPS TTM
C$-0.12
Shares Outstanding
23.1M
EX-Date
--
P/E TM
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Dividend
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Current Stock Chart for VANGOLD RESOURCES LTD (VAN)

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vangold resources ltd (VAN) Details

Vangold Resources Ltd., a development stage company, engages in the identification, acquisition, evaluation, exploration, and development of mineral properties. The company holds interests in mineral properties located in Canada, Uganda, and Papua New Guinea; and oil and gas properties located in Canada, the United States, and Armenia. It primarily explores for gold, copper, silver, nickel, platinum, and cobalt. The company was founded in 1978 and is headquartered in Vancouver, Canada.

Founded in 1978

vangold resources ltd (VAN) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$150.0K
Compensation as of Fiscal Year 2012.

vangold resources ltd (VAN) Key Developments

Vangold Resources Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Vangold Resources Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, loss before the below was CAD 47,736 against CAD 911,804 a year ago. Net loss for the period was CAD 47,736 against CAD 911,709 a year ago. Comprehensive loss for the period was CAD 47,736 or CAD 0.002 per basic and diluted share against CAD 994,087 or CAD 0.049 per basic and diluted share a year ago. For the six months, loss before the below was CAD 102,062 against CAD 2,068,081 a year ago. Net loss for the period was CAD 102,062 against CAD 2,068,200 a year ago. Comprehensive loss for the period was CAD 102,062 or CAD 0.005 per basic and diluted share against CAD 2,019,452 or CAD 0.114 per basic and diluted share a year ago. Cash used in operating activities was CAD 40,174 against CAD 1,088,966 a year ago.

Vangold Closes $15,000 Loan Arrangement

Vangold Resources Ltd. reported that the company has entered into a loan arrangement with two arm's length participants for loans totalling $15,000. These funds will be used to cover annual filling fees, TSX Venture annual listing fees and provide minimal working capital. The loan bears a simple interest rate of 20% per annum, which will be payable quarterly. The outstanding principal will be due and payable one year from date of receipt of funds. Vangold agrees to securitize the loan with a mortgage on the company's properties; which will involve multiple lenders and will not exceed $50,000.

Vangold Resources Ltd. Announces Change of Chief Financial Officer

Vangold Resources Ltd. announced the appointment of Joseph Meagher as Chief Financial Officer. Mr. Meagher is a director at Triumvirate Consulting Corp. He provides accounting, financial reporting and management services to companies in a variety of industries. Mr. Meagher will be replacing Nick Corea as CFO who resigned effective May 9, 2014. Mr. Corea has accepted a fulltime employment position with another mineral exploration company in Vancouver, BC.

 

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