TMX group

VG Gold Corp Increase Financing To $350,000

Toronto, Ontario CANADA, January 06, 2009 /FSC/ - VG Gold Corp. (VG - TSX, VN3 - FWB), ("VG Gold" or the "Company") is pleased is pleased to announce the final closing of a non-brokered private placement financing.

The Company issued 7,000,000 flow-through shares at $0.05 each, raising $350,000. No finder's fee is being paid. The securities issued are subject to a hold period of four months and one day from the date of issue. The first tranche of $320,000 closed on 29 December 2008, and the balance of $30,000 closed on 6 January 2009.

For further information, contact Tom Meredith, President of VG Gold, 416 368 0099.  To learn more about VG Gold (TSX:VG), visit our website: www.vggoldcorp.com

The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.    


Source: VG Gold Corp.,  (TSX: VG) http://www.vedron.com
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