Company: AUST
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001410578-25-000509
Chunk: 88

Company: Austin Gold Corp.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 7
Chunk 88
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ITEM 7 - MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

A. Major Shareholders

To the best of the Company’s knowledge, as at March 25, 2025, we are aware of the following beneficial owners that directly or indirectly exercise control or direction over more than 5% of the voting rights to our shares.

  Beneficial Owner Name       Number of Shares Held               Percentage of Issued Shares (1)  
  Dennis Higgs                            2,794,001      (2)                                21.05  
  Darcy Higgs                             1,756,667      (3)                                13.24  
  Joseph Ovsenek (4)                      1,000,000                                          7.53  
  Kenneth McNaughton (4)                  1,000,000                                          7.53  
  Total                                   6,550,668                                         49.35  

  (1)      Based on 13,271,750 shares of Common Shares outstanding as of March 25, 2025.  

  (2)      Dennis Higgs holds 2,736,501 Common Shares directly and 57,500 Common Shares indirectly via Ubex Capital Inc.  

  (3)      Darcy Higgs holds 1,666,667 Common Shares directly and has control or direction over 90,000 Common Shares via Santorini Investment Corp.  

  (4)      Joseph Ovsenek and Kenneth McNaughton have decided to not stand for re-election as directors of the Company at our next AGM scheduled for May 7, 2025.  

All shareholders have the same voting rights as all other shareholders of the Company.

According to our share register and information received from our registrar on March 25, 2025, the Common Shares of the Company held by registered shareholders were held in the following geographic locations:

  Geographic Location based on the share register only      Number of shares held      Percentage of issued shares  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Canada                                                                5,866,668                            44.20  
  Germany                                                                 116,667                             0.88  
  USA                                                                     102,502                             0.77  
  Total                                                                 6,085,837                            45.85  

6,085,837 Common Shares of the Company, as on March 25, 2025, are held by