Business
American Eagle Announces Closing of $23 Million Strategic Investment backed by Eric Sprott
Highlights:The investment adds a third strategic investor, when combined with investments by mining companies South32 and Teck Concurrent offering with South32 and Teck expected to close on or about April 9, 2026Toronto, Ontario--(Newsfile Corp. - March 20, 2026) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement offering of 19,200,000 common shares issued on a
About this update from South32 Ltd.
[{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The investment adds a third strategic investor, when combined with investments by mining companies South32 and Teck","length":115,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Concurrent offering with South32 and Teck expected to close on or about April 9, 2026","length":85,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":200,"olType":false},{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - March 20, 2026) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement offering of 19,200,000 common shares issued on a premium flow-through basis (each, a "FT Share") at a price of C$1.20 per FT Share for gross proceeds of C$23,040,000 (the "Offering").","length":473,"tagName":"p"},{"type":"text","content":"Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned and controlled by him, acquired an approximate 9.9% equity interest in the Company, prior to the closing of the Concurrent Offering (as defined below), through the purchase of 19,200,000 common shares underlying the Offering at a back-end price of $0.77 per share. The investment represents C$23,040,000 of the Offering gross proceeds.","length":411,"tagName":"p"},{"type":"text","content":"The Corporation expects to close the previously announced concurrent private placement offering of 9,650,550 FT Shares at a price of C$1.1319 per FT Share for gross proceeds of C$10,923,458 (the "Concurrent Offering") on or about April 9, 2026. Teck Resources Limited ("Teck") has agreed to maintain its 12.9% interest in the Company, through the acquisition of 3,797,058 common shares underlying the Concurrent Offering at a back-end price of $0.77 per share, and a wholly-owned subsidiary of South32 Ltd ("South32") has agreed to maintain its 19.9% interest in the Company, through the acquisition of 5,853,492 common shares underlying the Concurrent Offering at a back-end price of $0.77 per share.","length":731,"tagName":"p"},{"type":"text","content":"American Eagle will use the proceeds to thoroughly test its thesis at NAK a...