NetworkNewsBreaks – Bullfrog Gold Corp. (OTCQB:
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Posted On: 10/13/2020 3:55:35 PM
NetworkNewsBreaks – Bullfrog Gold Corp. (OTCQB: BFGC) (CSE: BFG) (FSE: 11B) Enters into Definitive Agreements with Augusta, Barrick
Bullfrog Gold (OTCQB: BFGC) (CSE: BFG) (FSE: 11B), a corporation engaged in the acquisition, exploration and development of gold and silver properties in the United States, announced that it has signed definitive agreements with Augusta Investments Inc. (“Augusta”) and certain Barrick Gold Corporation subsidiaries (“Barrick”). These agreements are connected with an earlier announcement Bullfrog made regarding acquiring rights to 1,500 acres that adjoin the company’s Bullfrog Gold Deposit from Barrick; the agreements also note that Augusta and certain individuals identified by Augusta will complete a C$22 million investment in Bullfrog. The agreements also outline various Board of Directors and company management appointments. Barrick and Augusta will become significant shareholders in Bullfrog when the transactions are finalized, which is expected during the fourth quarter of 2020, subject to customary conditions. “We are delighted to announce the signing of the definitive agreements and are encouraged by the positive market reaction to the announcement of the binding term sheet in respect of the transaction,” said Bullfrog CEO and president David Beling in the press release. “Bullfrog will be well funded to expedite the exploration and development of the Bullfrog project, and we are excited to welcome our new cornerstone shareholders, Barrick and Augusta.”
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Bullfrog Gold (OTCQB: BFGC) (CSE: BFG) (FSE: 11B), a corporation engaged in the acquisition, exploration and development of gold and silver properties in the United States, announced that it has signed definitive agreements with Augusta Investments Inc. (“Augusta”) and certain Barrick Gold Corporation subsidiaries (“Barrick”). These agreements are connected with an earlier announcement Bullfrog made regarding acquiring rights to 1,500 acres that adjoin the company’s Bullfrog Gold Deposit from Barrick; the agreements also note that Augusta and certain individuals identified by Augusta will complete a C$22 million investment in Bullfrog. The agreements also outline various Board of Directors and company management appointments. Barrick and Augusta will become significant shareholders in Bullfrog when the transactions are finalized, which is expected during the fourth quarter of 2020, subject to customary conditions. “We are delighted to announce the signing of the definitive agreements and are encouraged by the positive market reaction to the announcement of the binding term sheet in respect of the transaction,” said Bullfrog CEO and president David Beling in the press release. “Bullfrog will be well funded to expedite the exploration and development of the Bullfrog project, and we are excited to welcome our new cornerstone shareholders, Barrick and Augusta.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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