On January 31, 2008, the planned reorganization of the Papua New Guinea exploration assets, Mt Nakru and Simuku copper molybdenum projects was realized with the successful Initial Public Offering of Coppermoly Limited which raised AU$8M on the Australian Securities Exchange. Vangold directly holds 1,000,000 shares in Coppermoly and a further 5,263,158 shares indirectly through its shareholding in Pacific Kanon Gold Corp.

COPPERMOLY PROPERTIES
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MT. NAKRU - Gold, Copper

SIMUKU - Gold, Copper

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