---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-029970"
form_type: "8-K"
ticker: null
cik: "0001448597"
company_name: "AUGUSTA GOLD CORP."
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:26:33.501533+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Augusta Gold borrows $262,500 at 14% via unsecured note, issues 300,000 warrants

## Summary
- Borrowed $262,500 from Donald Taylor via unsecured promissory note at 14% interest, maturing Dec 31, 2024.
- Issued 300,000 warrants exercisable at C$0.62 per share for five years as additional consideration.
- Paid $12,500 origination fee to lender at closing; proceeds for general corporate purposes.
- Warrants issued in reliance on Section 4(a)(2) exemption from registration under the Securities Act.

## SEC filing metadata
- accession: 0001104659-24-029970
- form_type: 8-K
- cik: 0001448597
- company_name: AUGUSTA GOLD CORP.
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1448597/000110465924029970/0001104659-24-029970-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1448597/000110465924029970/tm247722d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-029970
- JSON: https://secwatch.observer/filing/0001104659-24-029970.json
- Plain text: https://secwatch.observer/filing/0001104659-24-029970.txt

## Key facts
- Material Agreements
  AUGUSTA GOLD CORP. entered into Unsecured Note Purchase Agreement with Donald Taylor valued at US$262,500 Loan; 14% interest; matures December 31, 2024; 300,000 warrants exercisable at C$0.62 for (effective 2024-02-26).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Donald Taylor
  - Value: US$262,500 Loan; 14% interest; matures December 31, 2024; 300,000 warrants exercisable at C$0.62 for
  - Effective: 2024-02-26
  source text: On February 26, 2024, Augusta Gold Corp. (the “ Company ”) entered into an unsecured note purchase agreement (the “ Purchase Agreement ”) with Donald Taylor (the “ Lender ”) to offer and sell an unsecured promissory note of the Company (the “ Note ”) in exchange for the Lender loaning the Company US$262,500 (the “ Loan ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1448597/000110465924029970/0001104659-24-029970-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.