Augusta Gold Grants Stock Options

Rhea-AI Summary

Augusta Gold Corp. (OTCQB: AUGG) announced the grant of 5.8 million stock options to its officers, directors, and employees with an exercise price of C$3.00 per share, expiring in five years. The company also updated its trading symbol on the OTCQB to reflect its recent name change. Augusta is focused on the Bullfrog Gold Project in Nevada, controlling approximately 7,800 acres of mineral rights and identifying additional mineralization opportunities. The management team has a proven track record in mining asset development.

Positive

• Grant of 5.8 million stock options can incentivize employees and management.
• Control of approximately 7,800 acres of mineral rights enhances growth potential.
• Management team has a successful history in mining asset development.

Negative

• None.

VANCOUVER, BC, Feb. 22, 2021 /PRNewswire/ - Augusta Gold Corp. (OTCQB: AUGG) (CSE: G) (FSE: 11B) ("Augusta" or the "Company") is pleased to announce the grant of 5.8 million stock options to officers, directors and employees of the Company, pursuant to the terms of the Company's Stock Option Plan. The Options have an exercise price of C$3.00 per share and expire five (5) years from the date of grant.

The Company has also changed its trading symbol on the OTCQB from BFGCD to AUGG. With the recent name change of the Company it was appropriate that the ticker symbol represented this shift.

About Augusta Gold
Augusta Gold is a rapidly growing exploration and development company focused on building a long-term business that delivers stakeholder value through developing the Bullfrog Gold Project and pursing accretive M&A opportunities. The Bullfrog Gold Project is located in the prolific Bullfrog district approximately 120 miles north-west of Las Vegas, Nevada and 4 miles west of Beatty, Nevada. The Company controls approximately 7,800 acres of mineral rights including the Bullfrog and Montgomery-Shoshone deposits and has further identified significant additional mineralization around the existing pits and defined several exploration targets that could further enhance the Project.  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 stock options were granted by Augusta Gold Corp. (AUGG) on February 22, 2021?

Augusta Gold Corp. announced the grant of 5.8 million stock options with an exercise price of C$3.00 per share.

What is the new trading symbol for Augusta Gold Corp. (AUGG)?

The trading symbol for Augusta Gold Corp. was changed to AUGG on the OTCQB.

What project is Augusta Gold Corp. developing?

Augusta Gold Corp. is focused on the Bullfrog Gold Project located in Nevada.

How many acres does Augusta Gold Corp. control for its mineral rights?

Augusta Gold Corp. controls approximately 7,800 acres of mineral rights.