Business
American Eagle Gold Closes Investment from Strategic Investors
Toronto, Ontario--(Newsfile Corp. - November 21, 2023) - American Eagle Gold Corp. (TSXV: AE) (OT...
About this update from American Eagle Gold Corp
[{"type":"text","content":"American Eagle Gold Closes Investment from Strategic InvestorsToronto, Ontario--(Newsfile Corp. - November 21, 2023) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) (\"American Eagle\" or the \"Company\") is pleased to announce that it has closed the investment made by both Teck Resources Limited (\"Teck\") and well-known British Columbia geologist C.J. \"Charlie\" Greig, (view News Release). With this investment, Teck maintains its 19.9% stake in American Eagle following American Eagle's recent exercise of its option to repurchase a 20% interest in its NAK copper-gold porphyry project from Orecap Invest Corp (view News Release).Click Here to View Interview of Charlie Greig Discussing Why He Invested in American Eagle GoldThe Company issued 3,187,790 common shares (the \"Shares\") at a price of C$0.215 per share for gross proceeds of approximately $685,375 (the \"Offering\"). About Charlie GreigCharlie Greig is a seasoned geologist with over forty years of experience in the exploration industry, much of it focused in the Canadian Cordillera. He started in the industry as a soil sampler, but ultimately specialized as a contract geological mapper, and a geologist who planned and directed exploration, at times on properties staked personally in B.C. Charlie has worked on a variety of projects worldwide, spanning from grassroots exploration to development. He is best known for his role in the discovery of the Saddle deposits with GT Gold Corp, for which he received PDAC's Bill Dennis Award in 2022. Over the years, Charlie also contributed to a number of projects that transitioned into production, such as La India and Alamo Dorado in Mexico (Grayd-Agnico Eagle and Corner Bay-Pan American Silver, respectively), Brucejack in B.C. (Pretium-Newcrest-Newmont), Bisha and Emba Derho in Eritrea (Nevsun and Sunridge Gold, respectively), and Wolverine in Yukon (Atna-Westmin, Yukon Zinc).About American Eagle's NAK ProjectThe NAK Project lies within the Babine copper-gold porphyry district of central B.C. It has excellent infrastructure, being accessed by a network of active all-season logging roads, nearby logging camps, and proximity to not only the vibrant town of Smithers B.C., but also a cross-Canada rail line, a major Provincial Highway (Hwy. 16), and past-producing Cu-Au mines (Bell, Granisle) with. Historical geophysical work and d...