BULGOLD Announces Non-Brokered Private Placement for Gross Proceeds of Up to $1.2 Million

Executive Summary

• BULGOLD Inc. announced a non‑brokered private placement of common shares at $0.05 per share, targeting gross proceeds of $1.0 M–$1.2 M.
• Minimum 20 million and maximum 24 million shares will be issued; closing is expected on or about April 20 2026 pending TSX Venture Exchange approval.
• Proceeds are earmarked for continued exploration and development of the Lutila Gold Project (Slovakia), general corporate purposes, and working capital.

Key Details

• Offering Price: $0.05 per Offered Share.
• Minimum Offering Size: 20 million shares → $1,000,000 gross proceeds.
• Maximum Offering Size: 24 million shares → $1,200,000 gross proceeds.
• Securities Type: Common Shares (Offered Shares).
• Exemptions Used:
• Listed Issuer Financing Exemption under NI 45‑106 for Canadian investors (excluding Québec).
• Ontario Securities Commission Rule 72‑503 exemption for non‑Canadian investors.
• Resale Restrictions: Offered Shares sold under the exemptions will be freely tradeable immediately, except insider shares subject to TSX Venture Exchange policies.
• Finder’s Compensation:
• Cash fee equal to 7.0% of gross proceeds from third‑party sourced sales.
• Finder’s Warrants equal to 7.0% of the corresponding Offered Shares; each warrant allows purchase of one common share at an exercise price of $0.07, exercisable up to 18 months after closing.
• Use of Proceeds:
• Exploration and development of the Lutila Gold Project in central Slovakia.
• General corporate purposes.
• Working capital.
• Closing Date: Expected on or about April 20 2026, subject to required approvals (including TSX Venture Exchange).
• Shareholder Base (as of Feb 28 2026): 49,132,335 issued and outstanding shares; ~28.3% held by founders, directors, and management.

Notable Quotes

(No direct quotes were included in the release.)