Vanguard Mining Corporation has signed an MoU to acquire a 51% equity ownership in a Vietnam-based company that owns an 85.15-hectare silica sand concession and has operated a 5-hectare factory in Central Vietnam since 2006. The final purchase price will be determined by both parties, subject to satisfactory due diligence review.

Vanguard began the due diligence review of the concession and factory on December 5 which, if feasible, will lead to the company entering a definitive agreement for the closing of this transaction. Besides this silica company, Vanguard is also currently investigating other producing mines for potential acquisition.

Consummating the purchase of an established, revenue-generating target like this one would make Vanguard a producing mining company and better position it for further expansion.

After terminating the agreement to acquire the gypsum/limestone concession in Nusa Tenggara Timur, Indonesia, the company strongly cautions potential investors against relying on its previously announced financial guidance for any investment decisions in Vanguard. The Company will provide further updates on acquisitions, financing, audits, reporting with the SEC, development plans and financial prospects in the near future.

Vanguard’s president Jalani Haniffa says, “We look forward to completing the due diligence review and hope to enter a definitive agreement for the closing of this transaction, if results are favourable. In the meantime, we will continue to develop the existing projects and seek new producing opportunities that may add significant value to our portfolio.”

Founded in 1987, Vanguard Mining Corporation, a Nevada corporation, is building and developing a portfolio of mineral assets in South East Asia, including gold, copper, limestone, gypsum, granite and sand. It has also investigated mineral asset opportunities in other geographical areas.

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