Form 8-K - Current report
September 03 2024 - 4:23PM
Edgar (US Regulatory)
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2024-08-28
2024-08-28
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of report (date of earliest event reported): August
28, 2024
AUGUSTA GOLD CORP.
(Exact name of registrant as specified in its charter)
Nevada |
|
000-54653 |
|
41-2252162 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
Suite 555 – 999 Canada Place, Vancouver, BC, Canada |
|
V6C 3E1 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including area
code: (604) 687-1717
_____________________________________________
(Former name or former address, if changed since last
report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of
the Act: None
Indicate by check mark whether
the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or
Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 1.01 | Entry into a Material Definitive Agreement |
September
3, 2024, Augusta Gold Corp. a Nevada corporation (the “Company”), executed an amended Schedule A (the “Amended Schedule
A”) to its amended and restated secured promissory note issued to Augusta Investments Inc. (the “Purchaser”) on September
13, 2022, as amended and restated on March 27, 2024, and as amended by Amendment Number One dated June 28, 2024 (the “Amended and
Restated Note”).
The Amended
Schedule A evidenced the Purchaser loaning the Company an additional $250,000.00 on August 28, 2024, pursuant to the terms and conditions
of the Amended and Restated Note (the “Additional Loan”). As amended by the Amended Schedule A, the Amended and Restated Note
is for a principal amount of $24,599,251.60.
Outside of
adding the Additional Loan to the principal amount of the Amended and Restated Note, the Amended Schedule A did not amend, alter, restated
or otherwise change the principal terms and conditions of the Amended and Restated Note as described in Item 1.01 of the Company’s
Current Reports as filed on March 28, 2024, September 19, 2023 and July 5, 2024, which disclosure is incorporated herein by reference.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of
a Registrant. |
The information set forth under Item 1.01 of this
Current Report is hereby incorporated by reference into this Item 2.03.
|
Item 9.01 |
Financial Statements and Exhibits. |
(d)
Exhibits.
The exhibits
listed in the following Exhibit Index are filed as part of this Current Report on Form 8-K.
SIGNATURE
Pursuant to the requirement of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
|
AUGUSTA GOLD CORP. |
|
|
|
Date: September 3, 2024 |
By: |
/s/ Tom Ladner |
|
Name: |
Tom Ladner |
|
Title: |
VP Legal |
Exhibit 10.1
SCHEDULE A
Loan Amount |
Funding Date |
Origination Fee |
$22,232,560.80 |
September 13, 2022 |
$111,162.80 |
$33,501.12 |
December 13, 2023 |
N/A |
$525,000.00 |
March 22, 2024 |
$25,000.00 |
$27,790.70 |
March 22, 2024 |
N/A |
$1,500,000.00 |
April 22, 2024 |
N/A |
$30,399.00 |
June 28, 2024 |
N/A |
$250,000.00 |
August 28, 2024 |
N/A |
As amended and agreed on September 3, 2024
|
AUGUSTA GOLD CORP. |
|
|
|
|
|
|
|
By: |
/s/ Tom Ladner |
|
Name: |
Tom Ladner |
|
Title: |
VP, Legal |
AUGUSTA INVESTMENTS INC.
By: |
/s/ Richard Warke |
|
Name: |
Richard Warke |
|
Title: |
Director |
|
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