Aguila American Gold Announces Financing
January 30, 2013: Vancouver, BC – Aguila American Gold Corp. (TSXv: AGL) (the “Company”) is pleased to announce that, subject to TSX Venture Exchange (the “Exchange”) acceptance, it has arranged a private placement of up to 5,000,000 units at $0.10 per unit for total gross proceeds of up to $500,000. Each unit will consist of one common share and one transferable share purchase warrant. One-half of the warrants will be exercisable at a price of $0.15 per share for a period of two years and one-half of the warrants will be exercisable at a price of $0.25 per share for a period of two years from the date of issue.
Finders’ fees will be payable with respect to the financing pursuant to the policies of the Exchange.
Proceeds of the private placement will be used to fund exploration work on the Company’s mineral properties and for general working capital.
ON BEHALF OF THE BOARD
Blair Way, Chief Executive Officer
We seek safe harbor.
Aguila American Gold Ltd.
Aguila American Gold Ltd. is an emerging gold exploration company with an experienced geological and executive management team focused on advancing and developing their flagship prospective gold project, Angostura. Angostura is located 180 kilometers southwest of city of Cuzco, in the Department of Apurimac, southwestern Peru. Angostura is located in a prolific mineral trend, approximately 25km from the Las Bambas Mine, a $4.5 billion mining project being developed by Xstrata Mining Pty.
For more information visit www.aguilaamerican.ca
Aguila American Gold Ltd.
Tel: (604) 685 9316 Fax: (604) 683 1585 http://www.aguilaamerican.ca
Statements in this press release regarding the Company which are not historical facts are “forward-looking statements” that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties may prove to be inaccurate for any reason whatsoever. Actual results in each case could differ materially from those currently anticipated in such statements. Except as required by law, the Company does not intend to update any changes to such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.