Great Eagle Gold Corp. and NatGold Digital Ltd. Strengthen Strategic Partnership with New Agreement; GEGC Announces Financing Update
Great Eagle Gold Corp. (GEGCF) has announced a strengthened strategic partnership with NatGold Digital , superseding their previous agreement. The partnership focuses on launching NatGold's digital mining ecosystem, which tokenizes certified in-ground gold resources.
Key aspects of the agreement include: Great Eagle's exclusive rights to supply mineral rights for the first 2.5 million NatGold Tokens, followed by five years of priority queuing rights. In return, Great Eagle will issue 5 million common shares to NatGold Digital in two tranches of 2.5 million each, tied to tokenization milestones.
Additionally, Great Eagle has closed a private placement raising $374,085 through the issuance of 1,870,425 units at $0.20 per unit. The company has also announced a new financing initiative aiming to raise up to $1,000,000 through a private placement of up to 5,000,000 units at $0.20 per unit.
Great Eagle Gold Corp. (GEGCF) ha annunciato un rafforzamento della sua partnership strategica con NatGold Digital, superando il precedente accordo. La partnership si concentra sul lancio dell'ecosistema minerario digitale di NatGold, che tokenizza le risorse d'oro certificate in-situ.
Gli aspetti chiave dell'accordo includono: i diritti esclusivi di Great Eagle di fornire diritti minerari per i primi 2,5 milioni di token NatGold, seguiti da cinque anni di diritti di priorità. In cambio, Great Eagle emetterà 5 milioni di azioni ordinarie a NatGold Digital in due tranche di 2,5 milioni ciascuna, legate a traguardi di tokenizzazione.
Inoltre, Great Eagle ha chiuso un collocamento privato raccogliendo $374,085 tramite l'emissione di 1,870,425 unità a $0,20 per unità. L'azienda ha anche annunciato una nuova iniziativa di finanziamento volta a raccogliere fino a $1,000,000 attraverso un collocamento privato di fino a 5,000,000 unità a $0,20 per unità.
Great Eagle Gold Corp. (GEGCF) ha anunciado un fortalecimiento de su asociación estratégica con NatGold Digital, superando su acuerdo anterior. La asociación se centra en el lanzamiento del ecosistema de minería digital de NatGold, que tokeniza los recursos de oro certificados en el suelo.
Los aspectos clave del acuerdo incluyen: los derechos exclusivos de Great Eagle para suministrar derechos minerales para los primeros 2,5 millones de tokens de NatGold, seguidos de cinco años de derechos de cola prioritaria. A cambio, Great Eagle emitirá 5 millones de acciones comunes a NatGold Digital en dos tramos de 2,5 millones cada uno, vinculados a hitos de tokenización.
Además, Great Eagle ha cerrado una colocación privada recaudando $374,085 a través de la emisión de 1,870,425 unidades a $0.20 por unidad. La compañía también ha anunciado una nueva iniciativa de financiamiento con el objetivo de recaudar hasta $1,000,000 a través de una colocación privada de hasta 5,000,000 unidades a $0.20 por unidad.
Great Eagle Gold Corp. (GEGCF)는 NatGold Digital과의 전략적 파트너십을 강화하여 이전 계약을 대체했다고 발표했습니다. 이 파트너십은 인증된 지하 금 자원을 토큰화하는 NatGold의 디지털 채굴 생태계 출시에 중점을 두고 있습니다.
계약의 주요 사항은: Great Eagle의 독점 권리로서 처음 250만 NatGold 토큰에 대한 광물 권리를 제공하며, 그 뒤로 5년간 우선 대기권을 보장합니다. 대가로 Great Eagle은 NatGold Digital에 250만 주씩 두 차례에 걸쳐 총 500만 주의 보통 주식을 발행하며, 이는 토큰화 이정표에 연관되어 있습니다.
또한 Great Eagle은 사모 배정을 완료했습니다, 1주당 $0.20로 1,870,425 유닛을 발행하여 $374,085를 모집했습니다. 이 회사는 또한 최대 $1,000,000을 모금할 목표로 $0.20에 최대 5,000,000 유닛을 사모 배정하는 새로운 자금 조달 계획을 발표했습니다.
Great Eagle Gold Corp. (GEGCF) a annoncé un renforcement de son partenariat stratégique avec NatGold Digital, remplaçant leur accord précédent. Ce partenariat se concentre sur le lancement de l'écosystème minier numérique de NatGold, qui tokenize les ressources d'or certifiées en place.
Les principaux aspects de l'accord comprennent : les droits exclusifs de Great Eagle pour fournir des droits miniers pour les premiers 2,5 millions de Tokens NatGold, suivis de cinq années de droits de priorité. En retour, Great Eagle émettra 5 millions d'actions ordinaires à NatGold Digital en deux tranches de 2,5 millions chacune, liées à des jalons de tokenisation.
De plus, Great Eagle a clôturé un placement privé ayant levé 374 085 $ par l'émission de 1 870 425 unités à 0,20 $ l'unité. L'entreprise a également annoncé une nouvelle initiative de financement visant à lever jusqu'à 1 000 000 $ par le biais d'un placement privé de jusqu'à 5 000 000 unités à 0,20 $ l'unité.
Great Eagle Gold Corp. (GEGCF) hat eine verstärkte strategische Partnerschaft mit NatGold Digital angekündigt, die das vorherige Abkommen ersetzt. Die Partnerschaft konzentriert sich auf die Einführung des digitalen Bergbau-Ökosystems von NatGold, das zertifizierte Goldressourcen im Boden tokenisiert.
Wichtige Aspekte des Abkommens umfassen: die exklusiven Rechte von Great Eagle, die Mineralrechte für die ersten 2,5 Millionen NatGold-Token zu liefern, gefolgt von fünf Jahren von vorrangigen Warterechten. Im Gegenzug wird Great Eagle 5 Millionen Stammaktien an NatGold Digital in zwei Tranchen zu je 2,5 Millionen ausgeben, die an Tokenisierungsmeilensteine gebunden sind.
Darüber hinaus hat Great Eagle eine Privatplatzierung abgeschlossen, bei der $374,085 durch die Ausgabe von 1,870,425 Einheiten zu je $0,20 pro Einheit gesammelt wurden. Das Unternehmen hat auch eine neue Finanzierungsinitiative angekündigt, die darauf abzielt, bis zu $1,000,000 durch eine Privatplatzierung von bis zu 5,000,000 Einheiten zu je $0,20 pro Einheit zu sammeln.
- Secured exclusive rights to supply mineral rights for first 2.5M NatGold Tokens
- Obtained 5-year priority queuing rights for future tokenization projects
- Successfully closed private placement raising $374,085
- Dilution of shareholder value through issuance of 5M shares to NatGold Digital
- Additional dilution from private placement of 1.87M units
- Further potential dilution from new $1M financing initiative
Burnaby, British Columbia, and New York, New York--(Newsfile Corp. - January 9, 2025) - Great Eagle Gold Corp. (CSE: GEGC) (OTC Pink: GEGCF) (FSE: GI8) ("Great Eagle" or the "Company") and NatGold Digital Ltd. ("NatGold Digital") are pleased to announce a new agreement that supersedes their previous Collaborative Business Development Agreement, dated January 26, 2024. This updated partnership builds on their shared commitment to successfully launching NatGold Digital's revolutionary digital mining ecosystem, which tokenizes certified in-ground gold resources into NatGold Tokens. These tokens provide investors worldwide with the opportunity to invest in an ESG-friendly and non-dilutive form of gold.
NatGold Digital, as the founder and global operator of the NatGold digital mining ecosystem, is responsible for demand-side market development, while Great Eagle focuses exclusively on the supply side of the ecosystem as the premier gold miner. Together, both companies are positioned at the forefront of three major financial investment trends: the tokenization of real-world assets, ESG investments, and gold.
Agreement Highlights: Strengthened Cooperation and Defined Roles
The new agreement solidifies a long-term relationship between the two companies, with clearly defined areas of cooperation:
- Sharing Expertise and Resources: Both companies will contribute geological, technical, and market insights to ensure the successful development and scaling of the NatGold digital mining ecosystem.
- Orderly Market Liquidation: NatGold Tokens allocated to both companies will be introduced to the market in a responsible manner to maintain price stability and support natural market price development and equilibrium.
- Advocacy for Legislation: The parties will collaborate to educate governments globally on the benefits of digital gold mining, enabling wider adoption of tokenization and participation in the NatGold ecosystem.
- Capital Markets Engagement: Joint investor presentations will ensure stakeholders fully understand the value and potential of the NatGold ecosystem.
Exclusive Rights and Priority Queuing Benefits
Great Eagle Gold Corp. is granted exclusive rights to supply mineral rights titles for the creation of the first 2.5 million NatGold Tokens. This ensures that only certified gold resources supplied by Great Eagle will be tokenized during this phase.
Following the initial tokenization, Great Eagle will enjoy priority queuing rights for five years, giving it precedence over other mining companies in future tokenization projects. This exclusive arrangement ensures Great Eagle's continued leadership within the NatGold ecosystem while offering NatGold a reliable supply of tokenizable resources.
Mutual Benefits and Share Issuance Terms
In recognition of the value this partnership brings to both parties, Great Eagle Gold Corp. will issue 5 million common shares to NatGold Digital Ltd. in two tranches:
First Tranche: 2.5 million shares will be issued within 30 days of Great Eagle successfully tokenizing its first qualifying mineral rights title with NatGold.
Second Tranche: An additional 2.5 million shares will be issued within 30 days of tokenizing sufficient titles to mint 2.5 million NatGold Tokens, provided this milestone is reached within 12 months of the agreement's effective date.
These shares are issued under applicable regulatory exemptions and subject to standard hold periods, ensuring compliance with securities regulations.
Enhanced Market Potential
The updated agreement provides a solid framework for both companies to capitalize on the growing demand for ESG-friendly gold investments. NatGold Digital's pioneering tokenization technology and Great Eagle's ability to supply certified gold resources position the partnership for significant success.
Andrew Fletcher, President of Great Eagle Gold Corp., stated, "Our strengthened partnership with NatGold Digital positions us to lead the supply side of NatGold Digital's revolutionary digital gold mining ecosystem. The initial tokenization exclusivity, together with priority queuing benefits, offers Great Eagle significant competitive advantages."
Great Eagle Financing Update
Closes Non-Brokered Private Placement
Further to its news release dated November 7, 2024, it has closed its non-brokered private placement financing of 1,870,425 units at
Each Unit is comprised of one common share (each, a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional common share of the Company at an exercise price of
In connection with the Private Placement, the Company paid an aggregate of
New Financing Initiated
Great Eagle intends to complete an additional non-brokered private placement financing for gross proceeds of up to
Great Eagle may pay finder's fees in cash and warrants in connection with the Financing. Net proceeds are expected to be used for acquisition related costs, due diligence reviews, and ongoing working capital requirements.
The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
About Great Eagle Gold.
Great Eagle Gold Corp. (CSE: GEGC) (OTC Pink: GEGCF) (FSE: GI8), a Canadian public company also listed in the United States and Germany, is pioneering a revolutionary shift in digital mining, transforming how the global gold mining industry captures gold's intrinsic value. Through a novel blockchain-based digital mining process, New York based NatGold Digital Ltd. provides an ESG-friendly, regulatory-compliant way to invest in gold, eliminating the significant environmental, social, and financial costs associated with conventional gold mining.
Great Eagle's strategy is distinct in its focus on the supply side of the NatGold ecosystem, acquiring NI 43-101 certified gold resources to be digitally mined into NatGold coins through a title swap process that aligns with NatGold Digital Ltd.'s stringent token integrity standards. Together, Great Eagle and NatGold Digital stand at the intersection of three powerful global investment trends: gold, ESG investing, and the tokenization of real-world assets. For more information, visit www.greateaglegold.com.
On behalf of the board,
Andrew Fletcher, CEO & Director
Great Eagle Gold Corp.
+1 (778) 372-9723
Neither the Canadian Securities Exchange (the "CSE") nor the Market Regulator (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 includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Great Eagle's proposed Financing, operations and the 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 plans, expansion plans, estimates, expectations, forecasts, objectives, predictions and projections of the future. Specifically, this news release contains forward looking statements with respect to Great Eagle's proposed operations, acquiring and developing certified gold resources and their tokenization, and the receipt of required approvals. Generally, forward-looking statements can be identified by the forward- looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "intends", "anticipates", or "does not anticipate", or "believes", or "variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Great Eagle to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and development and operation of Great Eagle's projects, the actual results of current exploration, development activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future precious metals prices, as well as those factors discussed in the sections relating to risk factors of our business filed in Great Eagle's required securities filings 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, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
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 disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236535
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