VANCOUVER, BC, March 28,
2024 /CNW/ - Augusta Gold Corp. (TSX: G) (OTCQB:
AUGG) (FSE:11B) ("Augusta Gold" or the "Company")
announces that it has increased the amount of its loan (the
"Loan") with Augusta Investments Inc. (the
"Lender"), the Company's largest shareholder, by
$525,000 (the "Increase"). In
connection with the Increase, the Company paid an origination fee
to the Lender in the amount of $25,000. The Company has also extended the
maturity date of the Loan to June 30,
2024 (the "Extension"). In connection with the
Extension, the Company paid an extension fee to the Lender of
$27,790.70.
The Company is also pleased to announce the appointment of
Ty Minnick as Interim Chief
Financial Officer of the Company, effective as of April 1, 2024. Mr. Minnick has been working with
Augusta Gold Corp. as a consultant, (formerly, Bullfrog Gold
Corp.), and was its Chief Financial Officer from 2011 until
October 2020. Mr. Minnick has served
as the Chief Financial Officer of Athena Gold Corp since
May 2021 and has 13 years of
experience in the mining industry. Since December 2018, Mr. Minnick has acted as a
Certified Public Accountant (1993) with Grand Mesa CPAs, LLC.
The Company would like to thank Michael
McClelland for his years of service as CFO and wishes him
the best in his future endeavours.
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.
