AGL ...... Financing planned Aguila American arranges $600,000 private placement
2021-09-23 14:13 ET - News Release
Mr. Mark Saxon reports
AGUILA AMERICAN GOLD ANNOUNCES PRIVATE PLACEMENT
Aguila American Gold Ltd. has arranged a non-brokered private placement financing of up to three million units of the company at an issue price of 20 cents per unit for gross proceeds of up to $600,000. Each Unit comprises one common share and one-half of one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of Cdn$0.30 for a period of three years from closing of the Offering.
All securities to be issued pursuant to the Offering will be subject to a four-month hold period under applicable securities laws in Canada.
The Company intends to use the net proceeds received from the Offering for exploration on the Company's North American copper and gold exploration properties and for working capital and general corporate purposes. Finder's fees may be payable on a portion of the Offering. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
About Aguila American Gold Ltd (TSXV: AGL) (OTCQB: AGLAF) (WKN: A2DR6E)
Aguila American Gold is an emerging copper and precious metal company enhancing shareholder value through exploration and discovery.
We seek Safe Harbor.
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