

Each Finder’s Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.40 until December 23, 2024. In consideration for the services rendered by certain arm’s length parties (the “Finders”) in connection with the Offering, the Finders received an aggregate cash fee of $9,660.00 and an aggregate of 32,200 finder’s warrants (the “Finder’s Warrant”). Each Warrant (including Warrants comprising Units issued pursuant to the closing of any subsequent tranche of the Offering) will entitle the holder to purchase one common share of the Company (each, a “Warrant Share”) at a price of $0.40 at any time on or before December 23, 2024.

BULGOLD also announces that it has extended the Offering for an additional 30 days.Įach Unit consists of one common share of the Company (each a “Unit Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”).

(TSXV: ZLTO) (the “Company” or “BULGOLD”) is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement (the "Offering") for gross proceeds of approximately $1.66 million from the sale of 5,533,331 units of the Company (each, a "Unit") at a price of $0.30 per Unit (the "Issue Price"). Not for distribution to United States newswire services or for dissemination in the United States
