South Atlantic Gold Announces Loan Agreement

Core Points - South Atlantic Gold Inc. has entered into a loan agreement for $500,000 with a related party to provide short-term working capital and support the development of the Pedra Branca project [1][2] - The loan carries an interest rate of 8% per annum and will mature in 24 months [1] - The transaction is classified as a "Related Party Transaction" under Multilateral Instrument 61-101, and the company is relying on exemptions from formal valuation and minority shareholder approval requirements [2] Company Overview - South Atlantic Gold Inc. is an exploration company focused on acquiring and advancing mineral properties in the Americas [3]