Augusta Gold (TSX: G) has "initiated a strategic review process to evaluate alternative opportunities to maximize shareholder return."
"The strategic alternatives review could include, among other things, a joint venture transaction, a sale of the Company, the Project, or all the assets of the Company, a merger or other business combination, or another form of strategic transaction."
Augusta Gold (TSX: G) has "agreed in principle with its lender, Augusta Investments Inc., to extend the term of its loan with the Lender through to February 28, 2025."
"The Company is also considering further alternatives with its Lender to manage its existing debt position in a manner that facilitates obtaining construction financing for Reward. These alternatives include, but are not limited to, converting part or all of the Lender’s current debt to equity."
"The Company does not intend to provide announcements or updates unless or until it determines that further disclosure is appropriate or necessary."
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.
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