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To: Goose94 who wrote (4271)	6/5/2014 12:30:46 PM
From: Goose94	Respond to of 203382

Cangold (CLD-V) June 5, '14 increases placement to 8.5 million units from 7.5 million. All other terms remain unchanged from the news release dated April 22, 2014.

To: Goose94 who wrote (4271)	6/13/2014 5:31:45 PM
From: Goose94	Read Replies (2) \| Respond to of 203382

Cangold (CLD-V) June Friday 13th 2014 closes private placement oversubscribed Cangold Ltd. has closed its previously announced non-brokered private-placement financing. On closing, the company issued 8.5 million units at 10 cents per unit for gross proceeds of $850,000. Each unit comprises one common share and one-half of one non-transferable share purchase warrant. Each full warrant entitles the holder to acquire, upon exercise, one additional common share of the company at a price of 18 cents until June 12, 2015, provided, however, that should the closing price of the common shares on the TSX Venture Exchange be at least 25 cents per share for 10 consecutive trading days (at any time at or following the expiry of the four-month resale restriction period), the company may, by notice to the holder (supplemented by a news release of general dissemination) reduce the remaining exercise period applicable to the warrants to not less than 30 days from the date of such notice. The company paid cash finders' fees totalling $26,984 and issued 269,842 finder warrants. The finder warrants have the same attributes as the warrants described above. All securities issued and issuable under the private placement are subject to a hold period expiring on Oct. 13, 2014. The private placement is subject to the final approval of the exchange and, as such, all securities issued and funds received are being held in trust pending final receipt of exchange approval. As previously announced, the company has signed a formal agreement whereby Cangold has been granted an option to acquire, from Vista Gold Corp., up to a 100-per-cent interest (subject to certain underlying royalties) in the mining rights to the Guadalupe de los Reyes project in Sinaloa, Mexico. Upon final exchange approval, the net proceeds of the placement will be used to make option payments, for initial work on the project and for general working capital. The Guadalupe de los Reyes project comprises 6,302 hectares, covering a past-producing district dating back to 1772. A preliminary economic assessment (PEA) carried out on the project by Tetra Tech for Vista on March 4, 2013, estimated an indicated resource of 6.8 million tonnes at a grade of 1.73 grams per tonne gold and 28.71 grams per tonne silver (380,100 ounces gold and 6,315,300 ounces silver) as well as an inferred resource of 3.2 million tonnes at a grade of 1.49 grams per tonne gold and 34.87 grams per tonne silver (155,200 ounces gold and 3,639,000 ounces silver) at a cut-off grade of 0.5 gram per tonne gold. Cangold has submitted a report to the exchange in order to classify the estimate as a current mineral resource for Cangold, as per National Instrument 43-101 requirements, but until the report receives final exchange approval, Cangold is considering the resource in the PEA to be an historical estimate. Robert Brown, PEng, director and vice-president, exploration, for Cangold is the qualified person for the company. He has reviewed the technical information referenced above and has approved this news release.