BGX - Black Gold Exploration Corp. Announces Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
BGX – Black Gold Exploration Announces Private Placement
VANCOUVER, B.C., September 25, 2025 – BGX - Black Gold Exploration Corp. (the “Company” or “BGX) (CSE: BGX) (OTCQB: BGXCF) (FRA: BLGX) is pleased to announce its intention to carry out a non-brokered private placement (the “Offering”) of up to 33,333,333 units of the Company (each, a “Unit”) at a price of $0.06 per Unit, for aggregate gross proceeds of up to $2,000,000. The securities issued under the Offering will be subject to a statutory hold period of four months and one day from the date of issuance. Each Unit will consist of one (1) common share in the capital of the Company (a “Common Share”) and one (1) transferable Common Share purchase warrant (a “Warrant”), each Warrant to be exercisable at $0.12 for a period of 24 months following the closing of the Offering, provided that, if the closing price of the Common shares on the Canadian Securities Exchange exceeds $0.25 per Common Share for three (3) consecutive trading days (the last of such days, the “Acceleration Date”), the Company shall have the right to accelerate the expiry date of the Warrants to a date that is 30 days from date on which the Company issues an acceleration notice through a news release, provided the acceleration notice is issued within 10 calendar days of the Acceleration Date.
Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.
The Company intends to use the net proceeds from the Offering for marketing, general working capital and to finance the drilling and completion of wells in the Company’s designated Area of Mutual Interest, as part of its ongoing strategy to increase production and expand reserves.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities.
On behalf of the Company,
Francisco Gulisano Chief Executive Officer Telephone: 1-236-266-5174
About BGX
BGX – Black Gold Exploration Corp. (CSE: BGX) (OTCQB: BGXCF) (FRA: BLGX) is an oil and gas exploration company dedicated to creating shareholder value through the acquisition, exploration and development of oil and gas projects. BGX currently has assets in Argentina and the United States of America. For more information visit https://www.bgxcorp.com.
Forward-Looking Statements
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forwardlooking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward-looking statements in this news release include, without limitation, statements respecting: the Offering and completion thereof; and the expected use of proceeds from the Offering. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise. The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
Neither the CSE nor the CSE’s Regulation Services Provider (as that term is defined in the policies of the CSE) accept responsibility for the accuracy of this release.