Download - Corporate and Exploration Update from American Eagle Gold

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Mining Stock Daily

Business:Investing

Corporate and Exploration Update from American Eagle Gold

2024-05-21

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American Eagle Gold has closed an $8.2 million private placement and welcomed a new board member. CEO Anthony Moreau explains the timing of the financing and the benefits it brings to the company. The financing allows American Eagle Gold to fully fund its 15,000 meter drill program and be financially secure until 2025. The company raised the funds through a friendly deal with existing shareholders, avoiding any overhang on the stock.