InvestorNewsBreaks – Augusta Gold Corp. (OTCQB: AUGG) (CSE: G) (FSE: 11B) Announces Closing of Private Placement, Gross Proceeds Total C$17 Million

March 5, 2021 09:29:51
Augusta Gold Corp.(OTCQB: AUGG) (CSE: G) (FSE: 11B) has closed on its nonbrokered private placement, a move that resulted in gross proceeds of approximately C$17 million for the company. Announced earlier, the placement included 7.56 million units, which were sold at C$2.25 per unit. Each unit in the private placement was made up of one common share of the company and one-half of one common share purchase warrant, with each full warrant enabling the holder to acquire an additional common share over the next three years, at an exercise price of C$2.80. The company noted that it intends to use the net proceeds from the private placement to advance exploration efforts at its wholly owned Bullfrog Gold project located in Nevada as well as for general and working capital purposes. The announcement reported that the placement was subscribed by insiders including Richard Warke and other strategic investors. “We are very grateful for the solid support from Mr. Warke and the additional strategic investors that participated as we pursue our vision to unlock value from the Bullfrog Gold project through a systematic approach to our exploration and development program,” said August Gold president and CEO Maryse Belanger in the press release. “This financing provides the funds to fully execute on our 2021 programs including undertaking a drill program in excess of 85,000 metres and de-risking the project through environmental, permitting and engineering work.” To view the full press release, visit About Augusta Gold Corp 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 northwest of Las Vegas, Nevada, and four 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 about this company, visit NOTE TO INVESTORS: The latest news and updates relating to AUGG are available in the company’s newsroom at

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published:

InvestorWire (IW) 8033 Sunset Blvd Suite 1037-IW Los Angeles, CA 90046 310.299.1717 Office

InvestorWire is part of the InvestorBrandNetwork.