American Eagle Gold Corp. announced a private placement to issue 3,187,790 common shares at an issue price of CAD 0.215 per share for the gross proceeds of CAD 685,374.85 on November 21, 2023. The transaction included participation from returning investor Teck Resources Limited for 2,025,000 common shares at an issue price of CAD 0.215 per common share for the gross proceeds of CAD 435,375 and C.J. Charlie Greig.

Teck now holds a total of 22,365,000 common shares of company, or approximately 19.9% of company's issued and outstanding common shares on a non-diluted basis. No warrants were included in the Offering, and no finders fees or commissions were paid. The Shares are subject to a statutory hold period of four months plus a day following the closing of the Offering.

The transaction included participation from two placees and 1 existing insider for 2,025,000 shares.