Business
Aguila American Gold Increases Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 4, 2021) - Aguila American Gold Limite...
About this update from T2 Metals Corp
[{"type":"text","content":"Aguila American Gold Increases Private PlacementVancouver, British Columbia--(Newsfile Corp. - October 4, 2021) - Aguila American Gold Limited (TSXV: AGL) (OTCQB: AGLAF) (WKN: A2DR6E) (\"Aguila\" or the \"Company\") Mr. Mark Saxon, CEO is pleased to announce that due to investor demand the Aguila has increased the size of the Company's private placement, announced on September 23, 2021. Aguila now proposes to issue up to 3,750,000 units (the \"Unit\") at an issue price of $0.20 per Unit for gross proceeds of up to $750,000. Each Unit comprises one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.30 for a period of three years from closing of the Offering.All securities to be issued pursuant to the Offering will be subject to a four-month hold period under applicable securities laws in Canada. The Company intends to use the net proceeds received from the Offering for exploration on the Company's North American copper and gold exploration properties, identifying new exploration opportunities, and for working capital and general corporate purposes. Finder's fees may be payable on a portion of the Offering. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.\"We are pleased to have received plenty of interest in our current financing\" said Mark Saxon, CEO of Aguila American Gold Limited. \"Our US project portfolio and ongoing acquisition strategy places Aguila in a strong position as demand for copper from sustainable sources grows rapidly.\"This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or the securities laws of any state of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. ...