Aguila American Gold Limited (TSXV:AGL) announced a non brokered private placement of up to 11,000,000 units at a price of CAD 0.225 per unit for gross proceeds of CAD 2,475,000 on August 5, 2020. Each unit will consists of one common share and one half of one common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of CAD 0.45 for two years from closing.