Business
BULGOLD Announces Non-Brokered Private Placement for Gross Proceeds of Up to $1.2 Million
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About this update from Bulgold Inc
[{"type":"text","content":"BULGOLD Announces Non-Brokered Private Placement for Gross Proceeds of Up to $1.2 Million\nNot for distribution to United States newswire services or for dissemination in the United States TORONTO, March 19, 2026 (GLOBE NEWSWIRE) -- BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) is pleased to announce that it is undertaking a non-brokered private placement pursuant to which the Company intends to issue common shares of the Company (the “Offered Shares” and each an “Offered Share”) at a price of $0.05 per Offered Share, to raise minimum gross proceeds of $1,000,000 pursuant to the sale of a minimum of 20,000,000 Offered Shares and maximum gross proceeds of $1,200,000 pursuant to the sale of a maximum of 24,000,000 Offered Shares (the “Offering”). The Offered Shares will be offered for sale to purchasers (i) resident in all of the provinces of Canada except Québec pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, and in reliance on Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the “Listed Issuer Financing Exemption”), and (ii) outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under Ontario Securities Commission Rule 72-503 (“Rule 72-503”). The Offered Shares sold pursuant to the Listed Issuer Financing Exemption and pursuant to 72-503 are expected to be immediately freely tradeable and not subject to a four-month resale hold period in Canada, except for Offered Shares sold to insiders as may be required by the policies of the TSX Venture Exchange. The Company has agreed to pay a finder’s fee to arm’s length parties (each a “finder”) for services rendered in respect of the Offering. The finder’s fee will consist of a cash fee equal to 7.0% of the gross proceeds from the sale of Offered Shares sold to third parties sourced by each finder, and finder’s warrants equal in number to 7.0% of the Offered Shares sold to third parties sourced by such finder (the “Finder’s Warrants” and individually a “Finder’s Warrant”). Each Finder’s Wa...