On July 10, 2025, BULGOLD Inc. (“Bulgold” or the “Company”), a publicly-traded gold exploration company focused on the exploration and development of mineral exploration projects in Central and Eastern Europe, announced the closing of its non-brokered private placement for gross proceeds of approximately $1,076,720 from the sale of 21,534,407 common shares in the capital of the Company (each, a “Share”) at a price of $0.05 per Share (the “Offering”).
In consideration for the services rendered by certain arm’s length parties (the “Finders”) in connection with the Offering, the Finders received an aggregate cash fee of $7,700 and an aggregate of 154,000 finder’s warrants (the “Finder’s Warrant”). Each Finder’s Warrant entitles the holder to acquire one additional common share in the capital of the Company at an exercise price of $0.07 until January 9, 2027.
Bulgold will use the proceeds from the Offering for exploration, as well as for general corporate purposes.
Fasken advised Bulgold in connection with this financing with a team that included John Sabetti, George Soules and Irene Lai (Capital Markets and M&A).
Jurisdiction
- Ontario
