Great Eagle Gold Corp. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.30 per unit for gross proceeds of up to CAD 1,500,000 on January 12, 2024. Each unit will include one common share and one half of one common share purchase warrant.

Each whole warrant will be exercisable for an additional common share at CAD 0.50 per share for twenty-four months following the closing of the financing. The financing, subject to an over-allotment of up to CAD 500,000 at the company?s discretion, will be subject to exchange acceptance, and all securities issued will adhere to a four-month hold period as per applicable securities legislation. The company plans to pay finder?s fees of up to 10% in cash and warrants in connection with the financing.

The transaction will include participation from certain directors, officers, and insiders of the company.