Blue Gold Limited Closes on $5 Million Senior Convertible Notes and $75 Million Equity Line of Credit

Core Viewpoint - Blue Gold Limited has successfully closed a $5 million senior convertible notes private placement and entered into a $75 million equity line of credit agreement to support its operational and strategic growth initiatives [1][3]. Financing Details - The senior convertible notes have an 8% original issue discount, with an initial tranche of $3.5 million maturing on September 3, 2026, and a potential additional tranche of $1.5 million [2]. - The convertible notes are convertible at a price of $13.51 per share and bear interest at 7% per annum, with warrants issued for up to 215,299 Ordinary Shares at a price of $16.88 per share [2]. Strategic Growth Initiatives - Proceeds from the financing are expected to strengthen the company's balance sheet, provide working capital, and support long-term growth initiatives, particularly in the gold sector and digital asset markets [4]. - The company aims to combine traditional mining with a tokenized gold platform to meet the rising demand for secure, asset-backed digital currencies [4]. Company Overview - Blue Gold Limited is focused on acquiring high-potential mining assets and aims to unlock value in the gold sector through innovative monetization models, including asset-backed digital instruments [6]. - The company prioritizes responsible development, operational transparency, and sustainable practices in its business operations [7].