On April 21, 2026, 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 pursuant to the listed issuer financing exemption for gross proceeds of approximately C$1,174,684 from the sale of 23,493,678 common shares in the capital of the Company (each a "Share") at a price of C$0.05 per Share (the “Offering”).
The net proceeds of the Offering are intended to be used for the continued exploration and development of the Company’s Lutila Gold Project located in central Slovakia, as well as for general corporate purposes and working capital. In connection with the Offering, certain arm’s length parties (the “Finders”) received an aggregate cash fee of C$15,750 and an aggregate of 315,000 finder’s warrants (the “Finder’s Warrant”). Each Finder’s Warrant entitles the Finder to acquire one common share in the capital of the Company at an exercise price of C$0.07 until October 20, 2027.
Fasken advised Bulgold in connection with the Offering with a team led by John Sabetti, which included Victoria Zed, Terence Bernard, and Mai Khalife (Articling Student).
Jurisdiction
- Ontario
