Bulgold Announces Proposed Extension of Expiry Date of Warrants
BULGOLD ANNOUNCES PROPOSED EXTENSION OF EXPIRY DATE OF WARRANTS
Toronto, ON. December 4, 2024 – BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) announces
that the Company intends to extend the expiry dates of a total of 3,683,413 common share purchase warrants (the
"Warrants"), which were issued as part of the private placement of the Company on June 23, 2023 and July 7, 2023,
and are currently set to expire on December 23, 2024. The Company has made an application to the TSX Venture
Exchange (the "TSXV") to extend the expiry date from December 23, 2024 to June 23, 2028. Holders of Warrants will
not receive an amended Warrant certificate. The extension of the expiry date of the Warrants is subject to the approval
of the TSXV.
A portion of the Warrants are held by insiders who are considered to be “related parties” of the Company. Therefore,
the amendment of Warrants constitutes a “related party transaction” under Multilateral Instrument 61-101 Protection
of Minority Security Hol ders in Special Transactions (“MI 61-101 ”) and TSXV Policy 5.9 - Protection of Minority
Shareholders in Special Transactions . The Company intends to rely on exemptions from the formal valuation and
minority approval requirements in sections 5.5(b) and 5.7(1)(b) of MI 61-101.
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 September 30, 2024, 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 proposed new expiry date of the Warrants. 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 assumpti ons 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 th e inherent uncertainty of mineral explor ation; 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