American Eagle Announces Closing of C$29 Million Strategic Investment by South32
Toronto, Ontario–(Newsfile Corp. – November 26, 2024) – American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) (“American Eagle” or the “Company”) is pleased to announce that it has closed the previously announced non-brokered private placement pursuant to a subscription agreement (the “Agreement”) with a wholly owned subsidiary of South32 Ltd. (“South32” – ASX:S32). Pursuant to the Agreement, South32 purchased 33,321,577 common shares in the capital of the Company (“Common Shares”) at a price of C$0.875 per Common Share, for gross proceeds to the Company of C$29,156,379.88 (the “Offering”).
Under the terms of the Agreement, American Eagle will use the proceeds from the Offering to fund drill program expansions in 2025 and 2026….
