By January 18, 2013
Vancouver, British Columbia - Angel Gold Corp.(the "Company") (TSX-V:ANG) is pleased to announce a non-brokered private placement raising gross proceeds of up to $1,000,000 through the sale and issuance of up to 10 million units at a price of $0.10 per unit. Each unit is comprised of one common share of the Company and a one-half share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one additional common share of the Company at a price of $0.15 per share for a period of two years from the date of closing of the non-brokered private placement.
The units issued with respect to the offering will be subject to a four month hold period in accordance with applicable Canadian Securities Laws. A portion of the private placement may be subject to a finder's fee that will be payable at 6% in cash or units with respect to certain private placement subscribers and in accordance with the policies of the TSX Venture Exchange. The finder's fee units are subject to the same terms as the private placement units above. Proceeds from the private placement will be used to commence a drilling program on Angel's El Cafetal property in Colombia and for general working capital. The non-brokered private placement is subject to the approval of the TSX Venture Exchange.
On Behalf of the Board of Directors of Angel Gold Corp.
Blanca Stella Frias, Director
President and Chief Executive Officer
For investor relations please contact:
Rob Gamley
Contact Financial Corp.
(604) 689
