BULGOLD Plans Up to $1.2 Million Private Placement for Slovak Gold Project

BULGOLD ( (TSE:ZLTO) ) has shared an announcement.

BULGOLD Inc. has launched a non-brokered private placement of common shares at $0.05 each to raise between $1.0 million and $1.2 million, issuing up to 24 million shares. The financing will be offered under listed issuer and international exemptions, with most new shares expected to be freely tradeable and a finder’s fee structure including cash and warrants.

Proceeds will fund continued exploration and development of the Lutila Gold Project in central Slovakia, as well as general corporate purposes and working capital. The offering, scheduled to close around April 20, 2026 pending regulatory approvals, is intended to support BULGOLD’s efforts to advance its European gold portfolio and potentially strengthen its position in the Western Tethyan Belt.

More about BULGOLD

BULGOLD Inc. is a Toronto-listed gold exploration company focused on mineral projects in Central and Eastern Europe. It holds 100% interests in three quartz-adularia epithermal gold projects in the Western Tethyan Belt, including the Lutila, Kostilkovo and Kutel gold projects in Bulgaria and Slovakia, targeting high-grade, low-sulfidation epithermal mineralisation.

Average Trading Volume: 103,554

Technical Sentiment Signal: Sell

Current Market Cap: C$3.05M

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