BULGOLD Inc. Announces Private Placement Opportunity
TORONTO, June 2025 – BULGOLD Inc. (TSXV: ZLTO) is thrilled to share important news regarding its latest financial initiative. The company is set to launch a non-brokered private placement, aiming to gather gross proceeds of up to $1 million through the sale of its common shares. This offering is priced at $0.05 per share, a compelling opportunity for investors interested in gold exploration.
Details of the Offering
BULGOLD has outlined a structured approach for this offering, highlighting its commitment to ensuring a fair process for all participants. The company will compensate finder’s fees to arm’s length parties that assist in this initiative. These fees will include a cash component of 7.0% based on the gross proceeds from shares sold to third parties, plus finder’s warrants that equal 7.0% of the shares sold. Importantly, each warrant grants the holder the right to purchase an additional common share at $0.07 for up to 18 months after closing.
Purpose of the Proceeds
The revenue generated from this private placement will primarily support BULGOLD’s exploration activities and cover general corporate needs. This strategic approach reflects BULGOLD’s focus on optimizing resource allocation to strengthen its position in the competitive mining sector.
Plan for Closing
The anticipated closing date for this offering is set for around the end of June 2025. The completion of the offering depends on meeting specific conditions, including obtaining all necessary approvals, notably from the TSX Venture Exchange. Investors should note that shares sold in this offering will have a hold period of four months and one day post-closing, ensuring a secure investment horizon.
About BULGOLD Inc.
BULGOLD is recognized as a pivotal player in the gold exploration industry, concentrating on developing significant mineral exploration projects across Central and Eastern Europe. The company proudly owns 100% of three distinguished quartz-adularia epithermal gold projects located in key regions such as Bulgaria and Slovakia. These projects include the Lutila Gold Project, the Kostilkovo Gold Project, and the Kutel Gold Project. The management team firmly believes that these assets exhibit potential for high-grade, favorable metallurgy, and low-sulfidation epithermal gold mineralization.
Shareholder Structure and Highlights
As of late March 2025, BULGOLD's outstanding share count reached 27,597,928 shares, with approximately 40.3% held by its founders, directors, and management. Such ownership emphasizes the commitment of key stakeholders to the company's success and stability.
Company Contact Information
For more details about this exciting initiative, interested parties can reach out to:
BULGOLD Inc.
Sean Hasson, President and Chief Executive Officer
Telephone: +359 887 560 545
Email: sean.hasson@BULGOLD.com
Website: www.BULGOLD.com
Frequently Asked Questions
What is the purpose of BULGOLD's private placement?
The proceeds from the private placement will be used for exploration and general corporate needs, strengthening BULGOLD’s operational capacity.
What are the terms of the offering?
The offering consists of shares priced at $0.05 each, with finder’s fees set at 7.0% of gross proceeds and additional warrants provided to finders.
When is the expected closing date?
The offering is projected to close around the end of June 2025, pending necessary approvals.
Who can participate in the offering?
Investors interested in purchasing shares can participate in the offering, subject to regulatory approvals and conditions.
How does BULGOLD ensure compliance with regulations?
BULGOLD is committed to adhering to all necessary regulations, including securing approvals from the TSX Venture Exchange before finalizing the offering.
