Great Eagle Gold Corp. announced a non-brokered private placement to issue 4,000,000 units at an issue price of CAD 0.25 per unit for the gross proceeds of CAD 1,000,000 on August 28, 2023. Each unit composed of one common share and one common share purchase warrant with Each warrant will be exercisable for one additional common share at a price of CAD 0.50 per share for a period of 24 months following the closing of the financing.

The financing will be subject to an overallotment at the company's discretion of up to 20% to be exercised prior to closing of the financing. The company intends to pay 10% of the proceeds to the finders. The transaction may include participation from directors, officers and insiders.

Completion of the financing is subject to exchange acceptance, and all securities issued pursuant to the financing will be subject to a hold period of four months as required under applicable securities legislation.