Business
American Eagle Announces Exercise of Participation Rights by South32 and Teck, Updates Details of Recently Announced Financing
Highlights: South32 and Teck will maintain their equity ownership in American Eagle Gold.Including Eric Sprott's private placement, American Eagle Gold's cash balance will increase by $34 million to more than $55 million upon close of this financing.Eric Sprott, South32 and Teck are the sole participants in this financing.The average price per FT Share is C$1.18.American Eagle Gold will spend at least $34 million on drilling and exploration through the end of 2027.Due to unseasonably mild...
About this update from American Eagle Outfitters, Inc.
[{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"South32 and Teck will maintain their equity ownership in American Eagle Gold.","length":77,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":77,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Including Eric Sprott's private placement, American Eagle Gold's cash balance will increase by $34 million to more than $55 million upon close of this financing.","length":169,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":169,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Eric Sprott, South32 and Teck are the sole participants in this financing.","length":74,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":74,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"The average price per FT Share is C$1.18.","length":41,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":41,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"American Eagle Gold will spend at least $34 million on drilling and exploration through the end of 2027.","length":104,"tagName":"p"}]},{"val":[{"type":"text","content":"Due to unseasonably mild regional weather, the Company expects to begin the 2026 drilling campaign earlier than previously planned.","length":131,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":235,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"The drilling and exploration program will be released to investors shortly.","length":75,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":75,"olType":false},{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - March 11, 2026) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that existing shareholders, a wholly-owned subsidiary of South32 Ltd ("South32") and Teck Resources Limited ("Teck"), have each elected to participate in the Company's previously announced non-brokered private placement.","length":434,"tagName":"p"},{"type":"text","content":"The Company previously announced on February 27, 2026 a financing for aggregate gross proc...