American Eagle Closes Top-Up Investment from South32

Corporate Action
โดย Newsfile·CA·Read original
Summary · why it matters

American Eagle Gold Corp. has closed its top-up investment from South32 Limited, issuing 660,000 common shares at C$1.09 per share for gross proceeds of C$719,400. The shares were issued under South32's top-up right to maintain its 19.9% equity interest, and following the offering, South32 holds 40,991,069 shares, representing approximately 19.9% of the company's issued shares. Proceeds will be used for general corporate and working capital purposes. The offering received conditional acceptance from the TSX Venture Exchange and remains subject to final acceptance, with shares subject to a statutory hold period expiring four months and one day from closing.

Impact on stocks 2

Critical Materials & Supply Chain▲ · 1 stocks
South32 Ltd
S32
▲ PositiveCapitalrelevance

South32 exercised its top-up right, investing C$719,400 to maintain its 19.9% stake in American Eagle Gold.

Consumer Discretionary▲ · 1 stocks

Off-coverage companies 1

American Eagle Gold Corp.Private▲ Positive
Capitalrelevance

American Eagle Gold closed a C$719,400 top-up investment from South32, funding general corporate and working capital purposes.

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