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Name - Vanoil Energy Ltd
Website -
Symbol - VEL.RT
Cusip Number - 92209M 11 5 
Expiry Date - Feb. 4, 2010

Symbol - VEL.RT
Cusip Number - 92209M 11 5 
Expiry Date - Jan. 21, 2010
News Releases

Vanoil extends rights offering expiry date

2010-01-13 16:17 ET - Rights Offering

Further to the TSX Venture Exchange bulletin dated Dec. 30, 2009, the expiry date for the rights offering has been extended from Jan. 21, 2010, to Feb. 4, 2010.
Rights trade for cash: Feb. 1, 2010
Trading in the rights shall be for cash for the three trading days preceding the expiry date.
Rights expire: Feb. 4, 2010
Rights trading symbol: VEL.RT (unchanged)
Rights Cusip No.: 92209M 11 5 (unchanged)
Rights resume trading: Trading in the rights of the company will resume at the opening, Jan. 14, 2010.

Vanoil rights offering

2009-12-30 20:34 ET - Rights Offering

Basis of offering one Vanoil right for each 0.1175 Vangold common share held. One Vanoil right and 50 cents to purchase one Vanoil share. A total of 10,711,628 Vanoil shares for gross proceeds of $5,355,814 will be issued if all Vanoil rights are exercised.

Record date: Dec. 31, 2009
(Vangold) shares trade ex rights: Dec. 29, 2009
Rights called for trading: Dec. 31, 2009
Rights trade for cash: Jan. 18, 2010 -- trading in the rights shall be for cash for the three trading days preceding the expiry date
Rights expire: Jan. 21, 2010
Rights trading symbol: VEL.RT
Rights Cusip No.: 92209M 11 5
Authorized jurisdiction(s): Canada, United States, Cayman Islands

For further information, please refer to the information circular and rights offering circular of Vangold Resources Ltd. dated Oct. 21, 2009, which is filed under the company's profile on SEDAR.

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Explanation

Rights

Rights give existing shareholders a chance to proportionately buy shares in the new issue the company is putting out to raise more funds. The certificate showing this privilege is called a right.  It  gives the stockholders the first opportunity,  to buy the new securities.

Rights issue

An offer made by a  company to its shareholders to enable them to buy new shares in the company at a discount to the market price.

 

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