Aguila American Gold Limited (TSXV:AGL) announced a non-brokered private placement of 1,905,000 units at a price of CAD 0.105 per unit for gross proceeds of CAD 200,025 on June 23, 2020. Each unit consists of one common share and one-half of one share purchase warrant of the company. Each whole warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.14 per share for two years. The transaction will include participation from insiders of the company. All securities to be issued will be subject to a four month hold period from the date of closing. The company has reported that documentation is being submitted to the Exchange for closing of the transaction. The transaction is subject to final acceptance by the TSX Venture Exchange.