American Eagle Announces Closing of C$29 Million Strategic Investment by South32
Summary
Toronto, Ontario--(Newsfile Corp. - November 26, 2024) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that it has closed the previously announced non-brokered private placement pursuant to a subscription agreement (the "Agreement") with a wholly owned subsidiary of South32 Ltd. ("South32" - ASX:S32). The Common Shares will be subject to a statutory hold period of four months plus a day following the date hereof.As required by National Instrument 62103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, South32 has filed an Early Warning Report in connection with its acquisition of the Common Shares pursuant to the Offering. It has excellent infrastructure through all-season roads and is close to the towns of Smithers, Houston, and Burns Lake, B.C., which lie along a major rail line and Provincial Highway 16. South32 produces commodities including bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel and manganese from its operations in Australia, Southern Africa and South America. Mark Bradley, B.Sc., M.Sc., P.Geo., a Certified Professional Geologist and qualified person for the purposes of Canadas National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release.