Richard W. Warke - Sep 29, 2022 Form 4 Insider Report for AUGUSTA GOLD CORP. (AUGG)

Role
Director, 10%+ Owner
Signature
/s/ Richard Warke
Stock symbol
AUGG
Transactions as of
Sep 29, 2022
Transactions value $
$0
Form type
4
Date filed
10/3/2022, 07:03 PM
Next filing
Apr 18, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AUGG Director Stock Option (Right to Buy) Disposed to Issuer -800K -100% 0 Sep 29, 2022 Common Shares 800K $2.38 Direct F1, F2
transaction AUGG Director Stock Option (Right to Buy) Award +800K 800K Sep 29, 2022 Common Shares 800K $1.55 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Converted from the Canadian exercise price of C$3.00 using an exchange rate of C$1.2613 = US$1.00.
F2 The two reported transactions involved an amendment of an outstanding option, resulting in the cancellation of the "old" option and the grant of a replacement option. The option was originally granted on February 22, 2021 and provides for vesting in three equal annual installments commencing on February 22, 2022.
F3 Converted from the Canadian exercise price of C$2.00 using an exchange rate of C$1.2934 = US$1.00.