Bulgold Announces Completion of NAME Change and Share Consolidation
BULGOLD ANNOUNCES COMPLETION OF NAME CHANGE AND SHARE CONSOLIDATION
Toronto, ON. May 5, 2023 – BULGOLD Inc. (TSXV: ZLTO) (formerly St Charles Resources Inc.) (the “Company”
or “BULGOLD”), as previously announced on April 28, 2023, is pleased to announce that effective today, it has
changed its name to “BULGOLD Inc.” (“BULGOLD” or the “Company”) (the “ Name Change”) and implemented a
share consolidation of the issued and outstanding common shares of the Company (the “Common Shares”) on the
basis of one (1) post -consolidation Common Share for every three (3) pre -consolidation Common Shares of the
Company (the “Consolidation”). No fractional Common Shares were issued in connection with the Consolidation.
The Company’s trading symbol on the TSX Venture Exchange has also changed from “SCRS” to “ZLTO” and the
new CUSIP number assigned to the Common Shares is 12016C100 and the new ISIN number is CA12016C1005.
The Name Change and Consolidation did not affect the rights of the Company's shareholders. Shareholders are
not required to take any action in connection with the Name Change and Consolidation. Issued certificates
representing Common Shares of the Company do not need to be exchanged. The Company encourages
shareholders to contact their broker with any questions regarding the proposed Name Change and Consolidation.
About BULGOLD Inc.
BULGOLD is a gold exploration company focused on the exploration and developm ent of mineral exploration
projects in Eastern and Central Europe . The Company controls 100% of two quality quartz-adularia epithermal
gold projects located in the Bulgarian portion of the Western Tethyan Belt: the Kutel Gold Project and the Kostilkovo
Gold Project. Management of the Company believes that its assets show potential for high-grade, good-metallurgy,
low-sulfidation epithermal gold mineralisation. The Company also holds an option to acquire a 100% interest in the
Lutila exploration licence loca ted in central Slovakia which is prospective for low -sulfidation epithermal gold
mineralisation.
BULGOLD had approximately $1.8 million in its treasury at December 31, 2022. BULGOLD’s issued and
outstanding share capital totals 20,231,100 common shares, of which approximately 49.6% is held by Founders
and Management.
Additional information about the Company is available on BULGOLD’s website (www.BULGOLD.com) and on
SEDAR (www.sedar.com).
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 within the meaning of
applicable securities laws. These statements relate to future events or future performance and include statements
relating to the completion of the Name Change and the Consolidation . All statements other than statements of
historical fact may be forward‐looking statements or information. The forward‐looking statements and information are
based on certain key expectations and assumptions made by management of the Company. Although management
of the Company believes that the expectations and assump tions on which such forward -looking statements and
information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and
information since no assurance can be given that they will prove to be correct.
These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks
regarding the mining industry, commodity prices, market conditions, general economic factors, management’s ability
to manage and to operate the business, and explore and develop the projects of the Company, and the equity markets
generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results,
expectations, achievements or performance of the Company may diff er materially from those anticipated and
indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially
from these forward-looking statements as well as future results. Although each of the Company beli eves that the
expectations reflected in forward looking statements are reasonable, they can give no assurances that the
expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company
disclaims any intention and assume 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.
For further information, please contact:
BULGOLD Inc.
Sean Hasson, President and Chief Executive Officer
Telephone: +359 2 989 2361
Email: [email protected]
Website: www.BULGOLD.com