VANCOUVER, BC, Dec. 31,
2024 /PRNewswire/ - Augusta Gold Corp. (TSX: G)
(OTCQB: AUGG) (FSE: 11B)
("Augusta Gold" or the
"Company") announces that it has amended its loan (the
"Loan") with Augusta Investments Inc. (the
"Lender"), pursuant to which the Lender has loaned an
additional US$250,000 to the Company
(the "Amendment"). In addition, as a result of the
Amendment, the policies of the Toronto Stock Exchange do not
require the Company to obtain disinterested shareholder for the
interest payable from October 1,
2024, through the maturity date as previously announced by
the Company on October 1, 2024 and
the Amendment removes the obligation of the Company to obtain such
disinterested shareholder approval. The Company also extended
the Company's outstanding loan with Donald
Taylor through to June 30,
2025.
About Augusta
Gold
Augusta Gold is
an exploration and development company focused on building a
long-term business that delivers stakeholder value through
developing the Reward and Bullfrog gold projects and pursing
accretive M&A opportunities. The Reward and Bullfrog gold
projects are located in the prolific Bullfrog mining district
approximately 120 miles north-west of Las
Vegas, Nevada and just outside of Beatty, Nevada. The Company is led by a
management team and board of directors with a proven track record
of success in financing and developing mining assets and delivering
shareholder value. For more information, please visit
www.augustagold.com.
Forward Looking Statements
Certain statements and information contained in this new
release constitute "forward-looking statements", and
"forward-looking information" within the meaning of applicable
securities laws (collectively, "forward-looking statements"). These
statements appear in a number of places in this new release and
include statements regarding our intent, or the beliefs or current
expectations of our officers and directors, including the that the
Lender will loan the Additional Loan Amount to the Company, which
will be immediately repaid by the Company to the Lender. When used
in this news release words such as "will" and similar expressions
are intended to identify these forward-looking statements. Although
the Company believes that the expectations reflected in such
forward-looking statements and/or information are reasonable, undue
reliance should not be placed on forward-looking statements since
the Company can give no assurance that such expectations will prove
to be correct. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or
events to vary materially from those anticipated in such
forward-looking statements, including the risks, uncertainties and
other factors identified in the Company's periodic filings with
Canadian securities regulators and the United States Securities and
Exchange Commission. Such forward-looking statements are based on
various assumptions. While the Company considers these assumptions
to be reasonable, based on information currently available, they
may prove to be incorrect. Except as required by applicable law, we
assume no obligation to update or to publicly announce the results
of any change to any forward-looking statement contained herein to
reflect actual results, future events or developments, changes in
assumptions or changes in other factors affecting the forward-
looking statements. If we update any one or more forward-looking
statements, no inference should be drawn that we will make
additional updates with respect to those or other forward-looking
statements. You should not place undue importance on
forward-looking statements and should not rely upon these
statements as of any other date. All forward-looking statements
contained in this news release are expressly qualified in their
entirety by this cautionary statement.
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SOURCE Augusta Gold Corp.