Bulgold Announces Grant of Stock Options
BULGOLD ANNOUNCES GRANT OF STOCK OPTIONS
Toronto, ON. May 27, 2024 – BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) announces that the
Company has granted stock options (the “Options”) today to purchase up to 660,000 common shares of the
Company (the “Common Shares”) to the undernoted persons in the number set out opposite their names , valid
for a period of five (5) years from the date of initial grant at an exercise price of C$0.30 per Common Share. The
Options will vest on the following schedule: (i) one -third immediately upon grant, (ii) one -third after one (1) year
from initial grant, and (iii) one-third after two (2) years from initial grant.
Mihaela Barnes Director 80,000
Laurie Marsland Director 80,000
Colin Jones Director 80,000
Vanessa Cook Director 80,000
Jim Crombie Management 80,000
Jeff Pennock Management 80,000
Demetrios Constantinides Management 50,000
Joe Crummy Consultant 50,000
František Bakoš Consultant 50,000
Plamen Stoykov Consultant 20,000
Sofia Toteva Consultant 10,000
Total Grant 660,000
The stock options have been granted to directors, officers, employees, and consultants of the Company under the
terms of the Company’s stock option plan and are subject to regulatory approval.
About BULGOLD Inc.
BULGOLD is a gold exploration company focused on the exploration and development of mineral exploration
projects in Central and Eastern Europe. The Company controls 100% of three quality quartz-adularia epithermal
gold projects located in the Bulgarian and Slovak portions of the Western Tethyan Belt: the Lutila Gold Project, the
Kostilkovo Gold Project and the Kutel Gold Project. Management of the Company believes that its assets show
potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralisation.
On December 31, 2023, BULGOLD’s issued and outstanding shares were 27,597,928 of which approximately
39.54% were held by Founders, Directors and Management.
Additional information about the Company is available on BULGOLD’s website ( www.BULGOLD.com) and on
SEDAR (www.sedarplus.ca).
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
regarding the exploration plans of the Company and the timing thereof . 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 assumptions 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.
Forward-looking statements and information are provided for the purpose of providing information about the current
expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on
such statements and information may not be appropriate for other purposes, such as making investment decisions.
Since forward‐looking statements and information address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a
number of factors and risks, including the inherent uncertainty of mineral exploration; risks related to title to mineral
properties; and credit, market, currency, operational, commodity, geopolitical, liquidity and funding risks generally,
including changes in economic conditions, interest rates or tax rates and general market and economic conditions.
Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained
in this press release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking
statements and information contained in this press release are made as of the date hereof and no undertaking is
given to update publicly or revise any forward ‐looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable securities laws. The forward -looking
statements and information contained in this press release are expressly qualified by this cautionary statement.
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