Augusta Gold Corp. announced that it has entered into a unsecured note purchase agreement with Donald Taylor for a private placement of unsecured promissory note for $262,500 on February 26, 2024. The Note bears interest at a rate of 14% and matures on December 31, 2024.

The entire unpaid balance of principal and all accrued and unpaid interest shall be due and payable on the Maturity Date. The Maturity Date shall be the earlier of (i) December 31, 2024, and (ii) the date that is one Business Day following the date on which the Company closes its next financing transaction or the last in a series of financing transactions where the cumulative, aggregate net proceeds of such financing or series of financings are sufficient to pay the Company?s other indebtedness and the obligations under this Note. The Company issued 300,000 warrants to the Lender.

Each Warrant is exercisable for one share of the Company?s common stock for a period of five years at an exercise price of $0.458669.