Aguila American Gold Announces Non-Brokered Private Placement
Vancouver, British Columbia – February 8th 2016: Aguila American Gold Limited (“Aguila” or the “Company”) (TSX-V: AGL) Mr. John Huguet, President and CEO, announces that the Company will undertake a non-brokered private placement financing of up to 3,428,600 units at a price of $0.035 per unit to raise gross proceeds of up to $ 120,001 . Each unit comprises one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional share for a term of five years from the closing date at a price of $0.05 per share. Finder’s fees, equivalent to 10% of the proceeds raised by each finder, are payable in units on a portion of the private placement. All securities issued will be subject to a four month hold period from the date of closing.
The financing is subject to the approval of the TSX Venture Exchange; however, in regards to the pricing of this financing at $0.035, the Company has made a prior filing with the TSX Venture Exchange in regards to Exchange acceptance of this price.
Proceeds of the financing will be used for working capital for operations in Peru and corporate costs in Canada.
ON BEHALF OF THE BOARD,
“John Huguet”
John Huguet President and CEO
Aguila American Gold Limited
Aguila American Gold Limited is an emerging gold exploration company with an experienced executive management team focused on advancing and developing their prospective gold project, Angostura. Angostura is located 180 kilometres southwest of city of Cuzco, in the Department of Apurimac, southwestern Peru. Angostura is located in a prolific mineral trend, approximately 25 kilometres from the Las Bambas Mine, a major mining project being developed in the area.
For more information visit www.aguilagold.com
Aguila American Gold Limited
Tel: (604) 685 9316 Fax: (604) 683 1585 http://www.aguilagold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.