Aguila American Gold (AGL-V) June 14, '16 further to the company's news release dated June 3, 2016, has amended the non-brokered private placement by increasing the amount of the financing and adding warrants. The company will now issue up to 2,428,600 units at a price of seven cents per unit to raise gross proceeds of up to $170,002. Each unit comprises one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share of the company at a price of 10 cents per share for a period of two years from closing. A finder's fee will be payable on a portion of the private placement and net proceeds will be used for working capital. Insiders will participate in the financing. All securities issued will be subject to a four-month hold period from the date of closing. The financing is subject to the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD,“John Huguet”
John Huguet
President and CEO
Aguila American Gold Limited
Aguila American Gold Limited is an emerging gold exploration company with an experienced executive management team focused on advancing and developing their prospective gold project, Angostura. Angostura is located 180 kilometres southwest of city of Cuzco, in the Department of Apurimac, southwestern Peru. Angostura is located in a prolific mineral trend, approximately 25 kilometres from the Las Bambas Mine, a major mining project being developed in the area.
For more information visit www.aguilagold.com
Aguila American Gold Limited
Tel: (604) 685 9316
Fax: (604) 683 1585
aguilagold.com |
