Aguila American Gold Ltd. (“Aguila”) (TSXV:AGL) has entered into a letter of intent (LOI), dated July 27, 2020 to secure through joint venture the WUSA epithermal gold project, a district-scale, underexplored, permitted and drill-ready epithermal gold-silver project located within the Western Cascades, Oregon, United States.

In conjunction with this LOI, Aguila completed a non-brokered part-and-parcel private placement of 11.9 million units at a price of $0.225 per unit for total gross proceeds to the company of $2.7 million. Each unit comprises one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at an exercise price of $0.45 per common share for a period of two years from closing.

Aguila is an emerging gold company enhancing shareholder value through exploration and discovery. For further information, go to www.aguila.gold.