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BULGOLD Announces TSX-V Approval of Extension of Expiry Date of Warrants
TORONTO, Dec. 10, 2024 (GLOBE NEWSWIRE) -- BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) announces that the TSX Venture Exchange (the "TSXV") has appro
About this update from Bulgold Inc
[{"type":"text","content":" TORONTO, Dec. 10, 2024 (GLOBE NEWSWIRE) -- BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) announces that the TSX Venture Exchange (the \"TSXV\") has approved the extension of the expiry dates of a total of 3,683,413 common share purchase warrants (the \"Warrants\"), which were issued as part of the private placement of the Company on June 23, 2023 and July 7, 2023. The Warrants were originally set to expire on December 23, 2024 and will now expire on June 23, 2028. Holders of Warrants will not receive an amended Warrant certificate. Each Warrant is exercisable to purchase one share in the capital of the Company at an exercise price of CAD$0.40. A portion of the Warrants are held by insiders who are considered to be “related parties” of the Company. Therefore, the amendment of Warrants constitutes a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and TSXV Policy 5.9 - Protection of Minority Shareholders in Special Transactions. The Company relied on exemptions from the formal valuation and minority approval requirements in sections 5.5(b) and 5.7(1)(b) of MI 61-101. About BULGOLD Inc. BULGOLD is a gold exploration company focused on the exploration and development of mineral exploration projects in Central and Eastern Europe. The Company controls 100% of three quality quartz-adularia epithermal gold projects located in the Bulgarian and Slovak portions of the Western Tethyan Belt: the Lutila Gold Project, the Kostilkovo Gold Project and the Kutel Gold Project. Management of the Company believes that its assets show potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralisation. On September 30, 2024, BULGOLD’s issued and outstanding shares were 27,597,928 of which approximately 39.54% were held by Founders, Directors and Management. Additional information about the Company is available on BULGOLD’s website (www.BULGOLD.com) and on SEDAR+ (www.sedarplus.ca). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward-Looking Information This press release contains forward‐looking statements and forward‐looking information...