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Article: Vangold Update.
- Article from:
- M2 Presswire
- Article date:
- November 17, 2008
CopyrightCOPYRIGHT 2008 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-17 November 2008-Vangold Resources Ltd.: Vangold Update(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:13112008
Vancouver, British Columbia CANADA -- Vangold Resources Ltd. (VAN - TSX Venture, VNGRF - OTCBB_Pink_Sheets), recognizes the global financial crisis is affecting countries and companies. These are extraordinary and troubling times for all of us including our shareholders. We are determined to survive. We have cash on hand of $7.5 M (Cdn) and we have no debt. Thus, preservation of capital is our key goal! All projects in our portfolio were evaluated on the basis of cash outlay, projected cash flow, and time lines. We conclude our immediate ...