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...
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...