Core Viewpoint - BULGOLD Inc. is initiating a non-brokered private placement to raise between $1,000,000 and $1,200,000 through the issuance of common shares priced at $0.05 each, aimed at funding exploration and development projects, particularly the Lutila Gold Project in Slovakia [1][4]. Group 1: Offering Details - The company plans to issue a minimum of 20,000,000 and a maximum of 24,000,000 Offered Shares [1]. - The Offered Shares will be available to purchasers in all Canadian provinces except Québec and outside Canada under specific exemptions, allowing for immediate trading without a resale hold period [2]. - A finder's fee of 7.0% of gross proceeds will be paid to arm's length parties, along with finder's warrants equal to 7.0% of the Offered Shares sold [3]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated for the exploration and development of the Lutila Gold Project, general corporate purposes, and working capital [4]. Group 3: Company Overview - BULGOLD Inc. is focused on gold exploration in Central and Eastern Europe, controlling three quartz-adularia epithermal gold projects in Bulgaria and Slovakia [5]. - As of February 28, 2026, the company had 49,132,335 issued and outstanding shares, with approximately 28.3% held by Founders, Directors, and Management [6].
BULGOLD Announces Non-Brokered Private Placement for Gross Proceeds of Up to $1.2 Million
Globenewswire·2026-03-19 11:00