Vangold Resources Ltd. (TSXV:VAN) announced a private placement of 6,000,000 units at CAD 0.20 per unit for gross proceeds of CAD 1,200,000 on January 18, 2013. Each unit will consist of one common share and one-half of a share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at CAD 0.30 per share for a period of two years. The company may pay a finder's fee of up to 7% of the gross proceeds in cash or common shares at a deemed price of CAD 0.20 each, or a combination. All the securities issued in the transaction will be subject to a statutory hold period of four months and one day following the closing date.

On March 18, 2013, the company announced that it will issue 5,060,840 units to 39 placees including Dal Brynelsen who will purchase 250,000 units, Douglas Hutchison who will purchase 105,840 units, Lithoquest Capital Inc. which will purchase 50,000 units, existing investor NEMI Northern Energy & Mining Inc. which will purchase 500,000, and Tom Seltzer who will purchase 150,000 units. The company will pay cash finder's fee of CAD 14,420 to HBS Financial Planning Ltd and will issue 10,500 common shares to Haywood Securities Inc.