Bullion Gold Completes Private Placement

Core Viewpoint - Bullion Gold Resources Corp. has successfully closed a private placement, raising $300,000 through the issuance of flow-through shares, which will be allocated for exploration activities on specific projects [1][2]. Group 1: Private Placement Details - The private placement involved the issuance of 2,727,273 flow-through units at a price of $0.11 each, resulting in gross proceeds of $300,000 [1]. - Each flow-through unit consists of one flow-through share and one common share purchase warrant, allowing the holder to purchase an additional common share at $0.13 for 24 months [2]. - A finder's fee of 8% in cash, totaling $20,000, was paid, along with the issuance of 181,818 finder's warrants, which can also be exercised at $0.13 for 24 months [3]. Group 2: Use of Proceeds and Project Information - Proceeds from the offering will be utilized for exploration expenses on the Cadillac-Extension and Terragold projects [2]. - The Cadillac-Extension project is a drill-ready VMS project, while the Terragold project is not detailed in the provided information [6][7]. - Bullion Gold holds a 100% interest in several projects, including Bousquet, Cadillac-Extension, and Bodo, with the Bousquet project optioned to Olympio Metals [6][7][8]. Group 3: Correction of Previous Information - The company corrected previously released information regarding a prior private placement, stating that 7,890,000 flow-through units were issued for gross proceeds of $394,500, rather than the previously reported figures [5].