Announcement • 14h
Bullion Gold Discoveries Corp. announced that it has received CAD 2 million in funding On June 17, 2026, Bullion Gold Discoveries Corp. closed the non-brokered private placement. The company issued 22,222,222 units at an issue price of CAD 0.09 for gross proceeds of CAD 1,999,999.98. Certain directors and officers of the company purchased, directly and indirectly, 427,778 units for aggregate consideration of CAD 38,500.02. The offering was oversubscribed and increased from the originally announced maximum size of CAD 1,500,000 due to strong investor demand. In connection with the offering, the company paid cash finder’s fees of CAD 71,431 and issued 793,680 finder’s warrants to eligible arm’s-length parties in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Each finder’s warrant is exercisable to acquire one common share of the company at a price of CAD 0.15 per share for a period of 18 months from the closing date. All securities issued pursuant to the offering are subject to a statutory hold period expiring four months and one day from the closing date, in accordance with applicable securities legislation. The offering remains subject to final acceptance of the TSX Venture Exchange. Announcement • Jun 04
Bullion Gold Resources Corp. announced that it expects to receive CAD 1.5 million in funding Bullion Gold Resources Corp. has announced a private placement to issue up to 16,666,667 units at an issue price of CAD 0.09 per unit for gross proceeds of up to CAD 1,500,000 on June 2, 2026. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one additional Common Share at a price of CAD 0.15 per share for a period of 18 months from the closing date of the offering. The Common Shares and Warrants issuable under the offering will be subject to a statutory hold period in Canada expiring four months and one day following the closing date of the Offering, in accordance with applicable securities laws. The Company may pay finder's fees and issue finder's warrants in connection with the Offering in accordance with the policies of the TSX Venture Exchange. The Offering is expected to close on or about June 18, 2026, or such other date as the Company may determine, and is subject to the approval of the TSX Venture Exchange and the satisfaction of customary closing conditions. New Risk • May 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.1m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.60m market cap, or US$6.24m). 
