AUGUSTA GOLD AMENDS LOANS
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Augusta Gold Corp. has amended its loan agreement with Augusta Investments Inc., securing an additional $250,000. The amendment also removes the need for disinterested shareholder approval for interest payments.
December 31, 2024 | 9:15 pm
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Augusta Gold Corp. has secured an additional $250,000 through a loan amendment with Augusta Investments. This amendment also removes the requirement for disinterested shareholder approval for interest payments.
The additional funding of $250,000 provides Augusta Gold with more liquidity, which is generally positive for the company's financial health. The removal of the requirement for disinterested shareholder approval simplifies the company's financial operations, potentially reducing administrative burdens and costs.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100