Aguila American Gold Limited announced a non-brokered private placement of up to 3,000,000 units of the company at an issue price of CAD 0.20 per unit for gross proceeds of up to CAD 600,000 on September 23, 2021. Each unit comprises one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at an exercise price of CAD 0.30 for a period of three years from closing of the transaction. All securities to be issued pursuant to the offering will be subject to a four-month hold period under applicable securities laws in Canada. Finders' fees may be payable on a portion of the transaction. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.