American Eagle Announces $23 Million Strategic Investment Backed by Eric Sprott
Highlights: The investment adds a third strategic investor, when combined with investments by mining companies South32 Group Operations PTY Ltd. and Teck Resources Limited The Offering funds significantly expanded drill programs for 2026 and 2027 at the Company's NAK copper-gold porphyry project (the "Nak") near Smithers, BC No warrants will be issued in connection with the Offering American Eagle will issue these shares at $1.20 CAD Toronto, Ontario--(Newsfile Corp. - February 27, 2026) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that it intends to complete a financing for aggregate gross proceeds up to C$34,540,000, consisting of approximately: (i) up to 19,200,000 common shares to be issued on a premium flow-through basis (each, an "FT Share") at a price of C$1.20 per FT Share ("Charity FT Offering") for proceeds of C$23,040,000; and (ii) up to 14,935,065 common shares (each, a "Share") at a price of C$0.77 per Share for proceeds of up to C$11,500,000 (the "Concurrent Offering" and with the Charity FT Offering are the "Offering").
