• Augusta Gold Corp. (G) has announced a C$10 million bought-deal offering
  • Eight Capital, acting as the lead underwriter and bookrunner for a syndicate of underwriters, has agreed to purchase 5,847,954 units
  • Augusta Gold intends to use the net proceeds for the advancement of the Bullfrog Project
  • Augusta Gold is an exploration and development company
  • Augusta Gold Corp. (G) opened trading at C$1.94

Augusta Gold Corp. (G) has signed an agreement with Eight Capital, the lead underwriter and bookrunner for a syndicate of underwriters.

Under the agreement, the underwriters have agreed to purchase 5,847,954 units of Augusta Gold for gross proceeds of approximately C$10 million.

Each unit will include one common share and one-half of one common share purchase.  Each warrant will entitle the holder to acquire one additional common share at a price of C$2.30 for a period of 36 months following the closing of the offering.

Augusta Gold has agreed to grant the underwriters an over-allotment option.

Augusta Gold intends to use the net proceeds for the advancement of the Bullfrog Project for working capital and general corporate purposes.

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 pursuing accretive M&A opportunities. The Reward and Bullfrog gold projects are located in Nevada.

Augusta Gold Corp. (G) opened trading at C$1.94.


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