BULGOLD Inc. Reports Q2 Financial Results and Exploration Plans
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BULGOLD Inc. Files Second Quarter Financial Results
BULGOLD Inc. (TSXV: ZLTO) is pleased to announce that it has filed its unaudited condensed interim financial statements and Management's Discussion and Analysis (MD&A) for the second quarter ended June 30. The Company incurred a net loss of $135,643, translating to $0.00 per share, for the three months ended June 30, while for the six months ended June 30, the net loss was $374,622, approximately $0.01 per share. BULGOLD reported cash and cash equivalents totaling $1,401,853 and a net working capital of $855,519 on June 30, which will be allocated towards supporting ongoing exploration activities.
Overview of BULGOLD Inc.
BULGOLD is dedicated to gold exploration and operates in Central and Eastern Europe. The Company boasts full ownership of three high-quality quartz-adularia epithermal gold projects situated in the Western Tethyan Belt: the Lutila Gold Project, the Kostilkovo Gold Project, and the Kutel Gold Project. Management is optimistic about the potential for discovering high-grade, good-metallurgy, low-sulfidation epithermal gold mineralization within these assets.
Share Structure and Management
As of June 30, BULGOLD’s issued and outstanding shares totaled 27,597,928, with approximately 39.54% held by Founders, Directors, and Management, underscoring a significant level of insider ownership. This alignment of interest with shareholders reflects the commitment of the management team to the Company’s strategic objectives.
Exploration Strategy and Future Plans
BULGOLD’s management is focused on advancing its exploration strategy, leveraging its cash reserves to drive further development of its mineral projects. The exploration landscape appears promising, with the potential for discovering high-quality gold deposits that can significantly contribute to the Company’s growth and shareholder value. The ongoing commitment to exploring and developing its assets highlights BULGOLD’s long-term vision in the gold mining sector.
Contact Information
For further information, please contact:
BULGOLD Inc.
Sean Hasson, President and Chief Executive Officer
Telephone: +359 2 989 2361
Email: information@BULGOLD.com
Website: www.BULGOLD.com
Frequently Asked Questions
What are the key financial results for BULGOLD in Q2?
BULGOLD reported a net loss of $135,643 for Q2, with total cash and cash equivalents of $1,401,853, which will aid in exploration efforts.
Where are BULGOLD's gold exploration projects located?
The Company has three gold projects in the Western Tethyan Belt across Bulgaria and Slovakia.
What is the management’s view on the mineral assets?
Management believes these assets possess high-grade potential for gold mineralization, particularly low-sulfidation epithermal systems.
What percentage of shares are held by insiders?
Approximately 39.54% of BULGOLD's shares are held by Founders, Directors, and Management.
How can investors get in touch with BULGOLD?
Investors can contact BULGOLD via email at information@BULGOLD.com or visit their website at www.BULGOLD.com for more information.
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