BULGOLD Inc. Files Second Quarter Financial Results
TORONTO, August 22, 2025 – BULGOLD Inc. (TSXV: ZLTO) is excited to share its unaudited condensed interim financial results for the second quarter ending June 30, 2025. During this period, the company reported a net comprehensive loss amounting to $114,537 which translates to a loss of $0.00 per share for the three months, and a total net comprehensive loss of $152,428, or $0.01 per share for the six-month period.
Financial Overview
Key Financial Metrics
BULGOLD's cash and cash equivalents stood at $255,401 as of June 30, 2025. This financial position enables the company to continue its strategic operations and exploration initiatives in the dynamic landscape of mineral exploration.
Share Structure
As of the reported date, BULGOLD had 27,597,928 shares issued and outstanding, with approximately 40.3% of the shares held by the company's Founders, Directors, and Management. This ownership structure reflects a solid commitment and confidence from key stakeholders in the company's future prospects.
About BULGOLD Inc.
BULGOLD is dedicated to gold exploration, focusing primarily on developing mineral projects in Central and Eastern Europe. The company has full control over three high-potential, quality quartz-adularia epithermal gold projects situated in the Bulgarian and Slovak regions of the Western Tethyan Belt: the Lutila Gold Project, the Kostilkovo Gold Project, and the Kutel Gold Project. Management is optimistic about the potential of these assets to yield high-grade gold mineralization with favorable metallurgy and low-sulfidation characteristics.
Looking Ahead
BULGOLD is strategically positioned to leverage its exploration initiatives. The management team remains focused on advancing its projects through thorough exploration and development activities. The inherent risks associated with mineral exploration are acknowledged, and the company is committed to navigating these to maximize shareholder value.
Contact Information
For further inquiries, 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?
BULGOLD reported a net comprehensive loss of $114,537 for the three-month period and $152,428 for the six-month period, reflecting ongoing investments in exploration.
What projects does BULGOLD operate?
The company operates three key gold exploration projects: the Lutila Gold Project, the Kostilkovo Gold Project, and the Kutel Gold Project, all located in Eastern and Central Europe.
What is BULGOLD's share structure?
BULGOLD has 27,597,928 issued and outstanding shares, with around 40.3% held by Founders, Directors, and Management, indicating strong internal confidence in the company.
How does BULGOLD plan to utilize its financial resources?
BULGOLD intends to use its cash reserves for advancing its exploration projects and potentially enhancing shareholder value through additional development activities.
Who is the contact person for BULGOLD inquiries?
Sean Hasson, President and Chief Executive Officer, is the primary contact for any inquiries regarding BULGOLD.
