American Energy Group Ltd. announced that it expects to receive $0.11 million in funding.
July 03, 2012 at 12:00 am EDT
American Energy Group Ltd. (OTCPK:AEGG) announced a private placement of 700,000 common shares at a price of $0.15 per share for gross proceeds of $105,000 on July 3, 2012. The transaction saw participation from three private investors.
On August 13, 2012, the company raised an additional private placement of 1,046,668 shares at a price of $0.15 per share for gross proceeds of $157,000. The transaction saw participation from six private investors.
On October 15, 2012, the company raised an additional private placement of 800,000 shares at $0.15 per share for gross proceeds of $120,000. Three private investors invested in the transaction.
On December 27, 2012, the company raised an additional private placement of 566,667 shares at $0.15 per share for gross proceeds of $85,000. The transaction saw participation from two investors.