Source: Aguila American Gold.
  • Aguila American Gold (AGL) has announced a non-brokered private placement of up to C$0.6 million
  • The company will offer up to 3,000,000 units priced at $0.20 per unit
  • It intends to use the proceeds for exploration on its North American copper and gold properties
  • Aguila American Gold is a copper and precious metal company enhancing shareholder value through exploration and discovery
  • Aguila American Gold (AGL) is unchanged trading at $0.185 per share

Aguila American Gold (AGL) has announced a non-brokered private placement of up to C$0.6 million.

It will offer up to 3,000,000 units priced at $0.20 per unit.

Each unit comprises one common share and one-half of one common share purchase warrant.

Each warrant entitles the holder to purchase one additional common share for $0.30 for three years from the closing of the offering.

The company intends to use the proceeds for exploration on its North American copper and gold properties and for working capital and general corporate purposes. 

Aguila American Gold is a copper and precious metal company enhancing shareholder value through exploration and discovery.

Aguila American Gold (AGL) is unchanged trading at $0.185 per share as of 1:40 pm ET.

More From The Market Online

Gold junior funds exploration next to 11-million-ounce behemoth

Visible Gold Mines raises C$2.6M to advance its Horsefly project near IAMGOLD's 11-million-ounce Nelligan Mining Complex in Quebec.

Top institutions take stakes in Quebec junior gold miner

Junior miner TomaGold closed the first phase of a capital raise with NQIM and SIDEX, two top institutional investors in Quebec.

BC Government grants major status to junior nickel project

The Government of British Columbia names the Baptiste Nickel Project, owned by FPX Nickel (TSXV:FPX), as a provincial priority.