Aguila American Gold Limited (TSXV:AGL) announced a non brokered private placement of up to 3,000,000 units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 300,000 on May 21, 2020. Each unit will consists of one common share and one half of a share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of CAD 0.13 for two years. The transaction will include participation from insiders of the company. All securities issued will be subject to a four month hold period from the date of closing. The transaction is subject to acceptance for filing by the TSX Venture Exchange.