AUGUSTA GOLD ANNOUNCES LOAN EXTENSION

Rhea-AI Summary

Augusta Gold has announced an extension of the maturity date for its loan with Augusta Investments to September 30, 2024. This extension required the company to pay an extension fee of US$30,399. This decision aims to provide additional time for Augusta Gold to manage its financial obligations under the loan agreement. The original loan agreement's specifics and the financial implications of this extension were not detailed in the press release.

Positive

• None.

Negative

• Extension fee of US$30,399 paid, which could indicate liquidity constraints.
• Extension may suggest challenges in meeting original loan terms.

VANCOUVER, BC, June 28, 2024 /PRNewswire/ - Augusta Gold Corp. (TSX: G) (OTCQB: AUGG) (FSE:11B) ("Augusta Gold" or the "Company") announces that it has extended the maturity date of its loan (the "Loan") with Augusta Investments Inc. (the "Lender") to September 30, 2024 (the "Extension"). In connection with the Extension, the Company paid an extension fee to the Lender of US$30,399.

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.

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SOURCE Augusta Gold Corp.

FAQ

What is the new maturity date for Augusta Gold's loan?

The new maturity date is September 30, 2024.

How much is the extension fee for Augusta Gold's loan?

The extension fee is US$30,399.

Which company is the lender for Augusta Gold's loan?

The lender is Augusta Investments.

What is the stock symbol for Augusta Gold?

The stock symbol is AUGG.