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BULGOLD Announces Closing of Non-Brokered Private Placement for Gross Proceeds of Approximately $1.17 Million
TORONTO, April 21, 2026 (GLOBE NEWSWIRE) -- BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) is pleased to announce the closing of its previously announce
About this update from Bulgold Inc
[{"type":"text","content":" TORONTO, April 21, 2026 (GLOBE NEWSWIRE) -- BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) is pleased to announce the closing of its previously announced non-brokered private placement (the “Offering”) for gross proceeds of $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 $0.05 per Share. The Company will use the net proceeds from the Offering for continued exploration and development of its Lutila Gold Project located in central Slovakia, general corporate purposes as well as for working capital. In connection with the Offering, certain arm’s length parties (the “Finders”) received an aggregate cash fee of $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 $0.07 until October 20, 2027. The Finder’s Warrants and common shares issuable on exercise thereof are subject to a hold period expiring at the end of the day on August 20, 2026. Certain insiders of the Company subscribed for an aggregate of $161,341.95 of Shares pursuant to the Offering. The issuances of Shares to such insiders are considered related party transactions under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relied on exemptions from the formal valuation and minority approval requirements in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, in respect of such insider participation. The Offering remains subject to the final approval of the TSX Venture Exchange (the “TSXV”). The Shares sold pursuant to the Offering were issued (a) to purchasers in certain provinces of Canada (other than the province of Québec) pursuant to the listed issuer financing exemption under Part 5A.2 of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “Listed Issuer Financing Exemption”), and (b) to purchasers in certain other jurisdictions outside of Canada pursuant to applicable regulatory requirements and in accordance with Ontario Securities Commission Rule 72-503 – Distributions Outside Canada (“Rule 72-503”). The Shares i...