AndeanGold Announces $135,000 Private Placement
VANCOUVER, Feb 26, 2015 - AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX VENTURE:AAU) (LMA:AAU) is pleased to announce a non-brokered private placement offering of 4,500,000 shares of the Company at a price of $0.03 per share to raise gross proceeds of $135,000.The shares will be subject to a four-month hold period from the closing of the private placement. Completion of the private placement is subject to regulatory approval.
The proposed use of proceeds includes continuing work on the Company's Urumalqui Project, Peru incorporating additional metallurgical testing and a resource upgrade, additional permitting and to pay for certain corporate obligations.
About AndeanGold Ltd:
AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of metals properties, principally in Peru and Ecuador. The focus of the Company's exploration activities is presently in advancing its Urumalqui Project. In Ecuador, the Company's activities have been limited to maintaining its three properties. In September 2012, the Company received authorization from the MRNNR to renew exploration programs on its Ecuadorian Curiplaya Project. Please refer to AndeanGold's website at www.andeangoldltd.com for further information on the Company's projects and activities.
On Behalf of the Board of Directors of ANDEANGOLD LTD.
Alexander Peña Böttcher
Interim President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
AndeanGold Ltd.
Alexander Peña
(51) 94020.8400
alexander@andeangoldltd.com
www.andeangoldltd.com