Great Eagle Gold Corp. Announces New Board Member and Financing

Great Eagle Gold Corp. Announces New Board Member and Financing

Great Eagle Gold Corp. (CSE: GEGC) (FSE: GI8), the world’s premier NatGold miner, is entering a new chapter with significant leadership and financial strategy updates. The Canadian-based company recently announced the appointment of Michael Moses to its Board of Directors alongside initiating a non-brokered private placement financing. These strategic moves are poised to bolster the company’s position in the market, leveraging Moses’ extensive business development and strategy background.

Michael Moses’ Appointment

Michael Moses is recognized for his profound business development and strategic planning expertise within various sectors, including medical cannabis and investment. Since November 2022, Moses has been pivotal as a Business Development Consultant and Chief Business Development Officer for Allied Health.

His leadership was crucial in reshaping the company’s strategic direction and establishing vital manufacturing and export partnerships across Europe and Australia. Moses has a proven track record of entrepreneurial success, demonstrated during his tenure as the founder and CEO of Donaco, where he innovated online customer outreach strategies that significantly impacted social enterprises.

Specific Contributions to Great Eagle

Michael Moses brings a blend of strategic innovation, operational excellence, and a commitment to social responsibility to Great Eagle. His appointment is expected to enhance the Company’s strategic endeavors, particularly in securing financing and expanding its reach.

Chris Hansen, Chairman of Great Eagle, expressed his excitement about Moses joining the team: “It is with great pleasure that we welcome Michael to our esteemed team. His remarkable business acumen and infectious passion are expected to be immensely valuable to Great Eagle’s growth trajectory.”

Along with his appointment, Moses was awarded 100,000 incentive stock options exercisable at $0.51 per share until April 11, 2029, aligning his interests with the company’s long-term success.

Details of the Non-Brokered Private Placement Financing

Total Amount and Structure of the Financing

Great Eagle Gold Corp. intends to raise $500,000 through private placement financing. The offering comprises 1,315,790 units priced at $0.38 each. Each unit has one common share and one-half of a common share purchase warrant. Each warrant is exercisable for an additional common share at $0.75 for the next twenty-four months. This financing strategy, subject to over-allotment options and regulatory approvals, underscores the company’s proactive approach to funding its strategic initiatives.

Purpose of the Financing

The net proceeds from the financing are earmarked for several critical areas, including acquisition due diligence, repayment of current liabilities, and bolstering working capital. “This small working capital financing is primarily being used to complete the evaluation and due diligence on potential new acquisition targets,” explained Andrew Fletcher, CEO of Great Eagle. Over the past months, the company has meticulously reviewed numerous potential acquisition targets, now narrowing down to final negotiations, setting the stage for an ambitious expansion.

The Business Model and Strategy of Great Eagle

NatGold Mining Explained

Great Eagle is pioneering the innovative concept of NatGold mining, which combines traditional gold investment security with digital asset innovation underpinned by ESG principles. This approach bypasses conventional mining by utilizing digital processes to mine NatGold coins, thus aligning with contemporary legislative frameworks and environmental standards. The strategy enhances the intrinsic value of gold and positions the company at the forefront of a burgeoning market trend.

Current Acquisition and Expansion Strategies

The company’s focus on acquiring NI 43-101 certified gold resources is a strategic effort to anchor its resources for future growth. By integrating these resources into the NatGold tokenization and monetization ecosystem, Great Eagle is set to revolutionize the gold mining industry. This acquisition strategy, strategic partnerships, and legislative support, particularly from entities like New York-based OroEx Corp., positions Great Eagle to capitalize on the global shift towards digital asset-backed investments.

The appointment of Michael Moses and the initiation of the new financing are pivotal developments for Great Eagle Gold Corp. Moses’ strategic insight and innovative approach are expected to drive significant advancements in the company’s business model and financial health. With a clear focus on sustainable growth and digital innovation, Great Eagle is well-positioned to lead the transition towards a new era of gold mining, making it an exciting time for investors and stakeholders alike.