Burnaby, British Columbia–(Newsfile Corp. – April 12, 2024) – Great Eagle Gold Corp. (CSE: GEGC) (FSE: GI8) (“Great Eagle” or the “Company”); The world's leading nutgold miner is pleased to announce the appointment of Michael Moses to its board of directors and the launch of private, non-intermediary financing.
Michael Moses is a prominent figure in business development and strategy in the fast-growing medical cannabis and investment sectors, and has been Chief Business Development Officer for Allied Health since September 2023, with operations in Canada and Colombia. He spearheads growth initiatives as an executive and strategic consultant. His tenure began in November 2022 as a business development consultant, where he helped steer the company's restructuring and strategic direction. Moses has also successfully built the commercial arm of the business from the ground up, from building a sales team to establishing key manufacturing and export partnerships across Europe and Australia.
In parallel with his role at Allied Health, Mr. Moses will provide strategic expertise to Parkdale Investments SA in Geneva, Switzerland from June 2022, strengthening the company's asset management and investment solutions. Masu. His significant influence also influenced the restructuring of a Luxembourg-based trade finance fund, where he demonstrated an ability to navigate complex regulatory situations.
As founder and CEO of Donaco from 2017 to 2022, Moses pioneered a technology-driven platform that significantly improved online customer reach for social impact businesses, specifically reducing customer acquisition costs and We have secured high-profile partnerships with UNICEF UK and Crisis UK, among others. His ventures highlighted his dedication to creating social impact through his innovative business model.
Moses completed his Masters in Electrical and Electronic Engineering and Business Administration at Imperial College London from 2013 to 2017. In his multifaceted career, Michael Moses embodies the intersection of strategic innovation, operational excellence, and social responsibility.
“We are thrilled to welcome Michael to our esteemed team,” said Chris Hansen, Chairman of Great Eagle Gold. “Michael brings great business acumen and brings an infectious passion to Great Eagle. “His organizational development skills and demonstrated excellence in raising capital for corporate expansion are expected to be of great value to Great Eagle's growth trajectory.”
Upon his appointment, Mr. Moses was granted 100,000 incentive stock options pursuant to the terms of the Company's stock option plan. Such option can be exercised by him until April 11, 2029 at a price of $0.51.
private placement financing
The Company intends to complete a non-brokered private placement financing with gross proceeds of up to $500,000 (“”).financing“), which is expected to consist of up to 1,315,790 units (each “unit“) price of $0.38 per unit, or the Canadian Securities Exchange (“exchangeEach unit includes one common share and one-half common share purchase warrant (each entire warrant, “warrant). Each entire warrant is exercisable for additional common shares of Great Eagle at a price of $0.75 per share for a period of 24 months following the closing of the financing. Subject to approval by the Exchange at its discretion, all securities issued will be subject to a four-month hold period in accordance with applicable securities laws.
Great Eagle intends to pay a finder's fee of up to 10% in cash and warrants in connection with the financing. Certain directors, officers and insiders of Great Eagle may participate in financings. The net proceeds will be used for acquisition due diligence reviews, payment of current liabilities and ongoing working capital requirements.
Great Eagle CEO Andrew Fletcher said: “This small working capital loan will primarily be used to complete the valuation and due diligence of potential new acquisition targets. “In the meantime, Great Eagle has been actively considering dozens of potential acquisition candidates.” We are delighted to have been shortlisted in that evaluation process and are now in the final negotiation stages of the process and look forward to an exciting journey ahead. ”
About Great Eagle Gold Corp.
Great Eagle Gold Corp. (CSE: GEGC) (FSE: GI8) is a Canadian public company and one of the world's leading NatGold miners. Led by the Geneva-based international NatGold Council, NatGold represents a pioneering fusion of ESG principles, gold investment security and digital asset innovation, bringing these three areas into one unparalleled real-world asset. We are at the forefront of a consolidating super trend. -Backed investment opportunities. NatGold captures the intrinsic value of gold through a new digital mining process that is supported by law and is ESG-friendly, rather than traditional physical extraction.
Great Eagle's unique strategy focuses on acquiring NI 43-101 certified gold resources to digitally mine NatGold coins within the state-of-the-art NatGold tokenization and monetization ecosystem operated by New York-based OroEx Corp I am putting This approach makes Great Eagle Gold an innovative, ESG-friendly way to monetize gold's intrinsic value. The company's acquisition strategy is internationally focused, with mining in NI 43-101 certified gold resources in preparation for the expected global implementation of the NatGold Act, which will enhance tokenization opportunities around the world. The aim is to secure rights.
Great Eagle Gold Corporation
Chris Hansen, Chairman
For more information, please contact us below.
Email: info@greateaglegold.com
Website: www.greateaglegold.com
Phone number: +1 (415) 300-6144
Investor inquiries:
Green Gold Communications SAS
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Email: Info@greengoldcommunications.com
The securities referred to herein have not been registered or offered or sold in the United States absent registration or an applicable exemption from registration requirements under the United States Securities Act of 1933, as amended. I can not do it.
Neither the Canadian Securities Exchange (“CSE”) nor the Market Regulation Authority (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.
This news release contains certain statements that may be considered “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding Great Eagle's operations and acquisition of NI 43-101 certified gold resources, the ability to digitally mine NatGold coins, the viability of the NatGold tokenization and monetization ecosystem, and development and expansion plans; Estimate, expect, forecast, target, forecast, predict the future. Specifically, this news release contains forward-looking statements regarding Great Eagle's proposed business, acquisition and development of certified gold resources, tokenization thereof, and obtaining necessary approvals. Forward-looking statements generally include statements such as “plans,” “expects,” “does not expect,” “anticipates,” “budgets,” “scheduled,” “estimates,” “projects,” and similar statements. can be identified by forward-looking terminology. “”, “intends”, “anticipates”, or “does not anticipate”, or “believes”, or “variations of such words or phrases, or specific actions, events, States that a result “may”, “could”, “might”, “will”, “might”, or “will be taken”, “occur”, or ” be achieved.” Forward-looking statements are subject to known and unknown risks and uncertainties that may cause Great Eagle's actual results, level of activity, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. may be affected by other factors that may risks associated with the exploration, development and operation of Great Eagle's projects, actual results of current exploration, development activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future precious metal prices; However, it is not limited to these. It also includes the factors described in the sections related to risk factors for our business filed in the required securities reports that Great Eagle files on SEDAR+. Although Great Eagle has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, Great Eagle has attempted to identify important factors that could cause results to differ materially from those anticipated, described, estimated, assessed or intended. There may be other factors that can cause the results.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company will not update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. or disclaim any intention or obligation to make any amendments. Further, we are not obligated to comment on the expectations of, or statements made by, third parties regarding the matters discussed above.
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