AUGUSTA GOLD AMENDS LOANS
Augusta Gold (OTCQB: AUGG) has announced amendments to its existing loans. The company has secured an additional US$250,000 loan from Augusta Investments Inc. Following this amendment, the Toronto Stock Exchange policies no longer require the company to obtain disinterested shareholder approval for interest payable from October 1, 2024, through the maturity date. Additionally, Augusta Gold has extended its outstanding loan with Donald Taylor until June 30, 2025.
Augusta Gold (OTCQB: AUGG) ha annunciato modifiche ai suoi prestiti esistenti. L'azienda ha ottenuto un ulteriore prestito di 250.000 US$ da Augusta Investments Inc. A seguito di questa modifica, le politiche della Borsa di Toronto non richiedono più che l'azienda ottenga l'approvazione di azionisti disinteressati per gli interessi da pagare dal 1 ottobre 2024 fino alla data di scadenza. Inoltre, Augusta Gold ha prorogato il suo prestito in essere con Donald Taylor fino al 30 giugno 2025.
Augusta Gold (OTCQB: AUGG) ha anunciado enmiendas a sus préstamos existentes. La compañía ha asegurado un préstamo adicional de 250,000 US$ de Augusta Investments Inc. Tras esta enmienda, las políticas de la Bolsa de Toronto ya no requieren que la compañía obtenga la aprobación de accionistas desinteresados para los intereses a pagar desde el 1 de octubre de 2024 hasta la fecha de vencimiento. Además, Augusta Gold ha extendido su préstamo pendiente con Donald Taylor hasta el 30 de junio de 2025.
오구스타 골드 (OTCQB: AUGG)가 기존 대출에 대한 수정 사항을 발표했습니다. 이 회사는 오구스타 인베스트먼트(Inc.)로부터 250,000 미국 달러의 추가 대출을 확보했습니다. 이 수정 이후, 토론토 증권 거래소의 정책은 회사가 2024년 10월 1일부터 만기일 까지 지급할 이자에 대해 이해관계가 없는 주주 승인을 받을 필요가 없음을 요구하지 않습니다. 또한, 오구스타 골드는 도널드 테일러와의 미지급 대출을 2025년 6월 30일까지 연장했습니다.
Augusta Gold (OTCQB: AUGG) a annoncé des modifications de ses prêts existants. La société a sécurisé un prêt supplémentaire de 250 000 US$ d'Augusta Investments Inc. Suite à cette modification, les politiques de la Bourse de Toronto n'exigent plus que la société obtienne l'approbation d'actionnaires désintéressés pour les intérêts à payer du 1er octobre 2024 jusqu'à la date d'échéance. De plus, Augusta Gold a prolongé son prêt en cours avec Donald Taylor jusqu'au 30 juin 2025.
Augusta Gold (OTCQB: AUGG) hat Änderungen an seinen bestehenden Krediten bekannt gegeben. Das Unternehmen hat einen zusätzlichen Kredit über 250.000 US$ von Augusta Investments Inc. gesichert. Nach dieser Änderung verlangen die Richtlinien der Toronto Stock Exchange nicht mehr, dass das Unternehmen die Zustimmung von nicht interessierten Aktionären für die ab dem 1. Oktober 2024 fälligen Zinsen bis zum Fälligkeitstermin einholt. Darüber hinaus hat Augusta Gold seinen ausstehenden Kredit bei Donald Taylor bis zum 30. Juni 2025 verlängert.
- Secured additional US$250,000 in financing
- Removed requirement for shareholder approval on interest payments
- Increased debt obligations
- Need for additional financing indicates potential cash flow concerns
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
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.
FAQ
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