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Augusta Gold Corp. (OTCQB: AUGG) has successfully closed a non-brokered private placement, raising C$17 million through the sale of 7.56 million units at C$2.25 each. Each unit consists of one common share and half a warrant, exercisable at C$2.80 for three years. The proceeds will support exploration at the Bullfrog Gold project in Nevada and for general working capital. The financing included participation from insiders and strategic investors, enhancing the company's ability to execute its aggressive exploration and development strategy.
Augusta Gold has increased its private placement to 7.56 million units at C$2.25, raising total gross proceeds to C$17 million. Each unit consists of one common share and half a warrant, where a full warrant allows purchase of a common share at C$2.80 for three years. The funds will advance exploration at the Bullfrog Gold project in Nevada and support working capital. The offering is not registered in the U.S. and is subject to Canadian hold periods.
Augusta Gold Inc. (OTCQB: BFGCD) has launched its 2021 exploration program at the Bullfrog Gold project in Nevada, targeting up to $20 million in funding for 110,000 metres of drilling. Two rigs are already operational, with plans to increase to five by April. The program focuses on five key targets in two phases, advancing geological studies and geotechnical work concurrently. The Bullfrog Gold project encompasses approximately 7,800 acres and has a historical database of over 254,542 metres of drilling. Augusta aims to expand its mineral resources and explore new discovery opportunities.
Augusta Gold announced a fully subscribed private placement raising approximately C$15 million. The company will offer 6.7 million units at C$2.25 each, each consisting of one common share and a half warrant. The full warrant allows the purchase of one common share at C$2.80 over three years. Funds will advance exploration at the Bullfrog Gold project in Nevada, USA and for working capital. The investment is fully subscribed by insiders and strategic investors.
Bullfrog Gold Corp. (BFGC) has entered into definitive agreements with Barrick Gold Corporation subsidiaries and Augusta Investments Inc. to acquire rights to 1500 acres adjacent to its Bullfrog Gold Deposit. This transaction includes a C$22 million investment from Barrick and Augusta, establishing them as cornerstone shareholders. Significant management changes are expected post-transaction, with new appointments to the Board of Directors. The deal, set for completion in Q4 2020, also reduces the NSR royalty obligations to Barrick.
Bullfrog Gold Corp. (BFGC) announced the signing of definitive agreements with Barrick Gold and Augusta Investments, enabling the acquisition of 1500 acres adjoining its Bullfrog Gold Deposit. The transaction involves a C$22 million investment from Barrick and Augusta, who will become significant shareholders. The company aims to expedite exploration and development of the Bullfrog project. Management changes include Maryse Bélanger as the new President and CEO. The transaction is expected to close in Q4 2020, pending regulatory approvals.
