Deal sells 1.8 million units with four-year warrants at $0.25 per unit
By Toni Weeks
San Luis Obispo, Calif., Feb. 4 - Bullfrog Gold Corp. completed a $450,015 private placement of units on Feb. 4, according to an 8-K filed with the Securities and Exchange Commission.
The company sold 1,800,060 units of one common share and one warrant at $0.25 per unit.
Each warrant is exercisable at $0.35 for four years. The strike price is a 22.22% discount to $0.45, the Feb. 1 closing share price.
Proceeds will be used for a future investor relations campaign.
Based in Grand Junction, Colo., Bullfrog is a gold explorer.
| Issuer: | Bullfrog Gold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $450,015
|
| Units: | 1,800,060
|
| Price: | $0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Four years
|
| Warrant strike price: | $0.35
|
| Settlement date: | Feb. 4
|
| Stock symbol: | OTCBB: BFGC
|
| Stock price: | $0.45 at close Feb. 1
|
| Market capitalization: | $12.08 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
