Aguila American Gold Limited (TSXV:AGL) announced a non-brokered private placement of up to 200,000 units at CAD 0.12 per unit for gross proceeds of CAD 24,000 on March 27, 2019. Each units consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional common share at a price of CAD 0.16 for one year. All the securities to be issued are subject to a hold period of four months from date of closing of the transaction. The transaction is subject to TSX Venture Exchange approval. The transaction may include participation from insiders of the company.