Bullion Gold Resources Corp V.BGD

Alternate Symbol(s): TTEXF

Metals & Mining Gold

Bullion Gold Resources Corp. is a Canada-based gold exploration stage company, which is engaged in the exploration and development of exploration and evaluation assets in Northern Quebec, Canada. The Company's projects include Bousquet, Lac Turgeon, and Bodo SM. It is focused on the Cadillac Break (Abitibi Mining Camp) with its Bousquet Project. The Bousquet Property is located on the historical Cadillac Larder Lake Fault in the Abitibi Region of the Province of Quebec, approximately 30 kilometers (km) east of Rouyn-Noranda. The Property consists of 71 claims covering over 2,370 hectares (ha). The Lac Turgeon property consists of 39 claims covering an area of approximately 2,200 ha, located 30 km east of the Normetal municipality in Abitibi, Quebec. The Company's Bodo SM property is located approximately 200 km north of the municipality of Chibougamau. The property is composed of 682 claims covering 36,320 hectares.

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Bullion Gold Resources Corp

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Post by wofatson Oct 09, 2020 4:37pm

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Post# 31699439

Their intention is to start something. How it pans out?

VANCOUVER, BRITISH COLUMBIA – October 7, 2020 – Bullion Gold Resources Corp. (“Bullion Gold” or the “Corporation”) (TSXV: BGD) announces that it is re-pricing the offering originally announced in connection with the entering into a purchase and sale agreement (the “Agreement”) with two Quebec independent prospectors (the “Prospectors”), pursuant to which the Corporation will acquire 39 mining claims comprising the Turgeon Lake Project (the “Project”), located in the Abitibi area in the province of Quebec (the “Transaction”).

The new offering (the “Offering”), subject to the approval of the TSX Venture Exchange (“TSXV”), in connection with the Transaction, will be a non-brokered private placement of up to 5,000,000 units (“Units”) at a price of CDN$0.10 per Unit for gross proceeds of up to CDN$500,000. Each Unit will consist of one common share and one warrant (“Warrant”). Each Warrant will entitle the holder to purchase one additional common share of the Corporation at a price of $0.15 for two years following the closing of the Offering.