Company sells 18,666,667 common shares at $0.015 apiece through offer
By Devika Patel
Knoxville, Tenn., July 27 – Bullfrog Gold Corp. completed a $280,000 private placement of stock and series B preferred stock on July 25, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 18,666,667 common shares or preferreds at $0.015 per share or preferred, an 83.33% discount to the July 22 closing share price of $0.09.
Proceeds were used to pay $2,789,996 of debt owed to RMB Australia Holdings Ltd. on June 30 and will also be used for general corporate purposes.
Based in Grand Junction, Colo., Bullfrog is a gold explorer.
| Issuer: | Bullfrog Gold Corp.
|
| Issue: | Common shares or series B preferred shares
|
| Amount: | $280,000
|
| Shares: | 18,666,667
|
| Price: | $0.015
|
| Warrants: | No
|
| Settlement date: | July 25
|
| Stock symbol: | OTCBB: BFGC
|
| Stock price: | $0.09 at close July 22
|
| Market capitalization: | $7.44 million
|
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