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BULGOLD Announces Presentation of First Quarter Financial Results for the Three Months Ending March 31, 2024
BULGOLD Inc.
TORONTO, May 24, 2024 (GLOBE NEWSWIRE) – (TSXV:ZLTO) (the “Company” or “BULGOLD”) is pleased to announce that it has filed its unaudited condensed interim financial statements and MD&A for the first quarter ended March 31, 2024. For the three months ended March 31, 2024, the Company incurred a net loss of $245,606 ($0.01 per share). As of March 31, 2024, the company has cash (and cash equivalents) of US$1,678,657 (net working capital of US$1,174,405) that will be used to support exploration activities.
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 epithermal quartz-adularia gold projects located in the Bulgarian and Slovak portions of the West Tethyan Belt: the Lutila Gold Project, the Kostilkovo Gold Project and the Kutel Gold Project. The Company’s Management believes that its assets have potential for high-quality epithermal gold mineralization, good metallurgy and low sulfidation.
As of March 31, 2024, BULGOLD’s issued and outstanding shares were 27,597,928, of which approximately 39.54% were held by the Founders, Directors and Administrators. Additional information about the Company is available on the BULGOLD website (www.BULGOLD.com) and SEDAR+ (www.sedarplus.ca).
Neither the 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 about the Company’s exploration plans and the timing thereof. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are based on certain important expectations and assumptions made by the Company’s management. Although the Company’s management believes that the expectations and assumptions 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 as 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 Company’s current expectations and management’s plans for the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. As forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated due to a number of factors and risks, including the uncertainty inherent in mineral exploration; risks related to ownership of mineral properties; and credit, market, foreign exchange, operational, commodity, geopolitical, liquidity and general financing risks, 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 above 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 obligation is given to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless required applicable securities laws. The forward-looking statements and information contained in this press release are expressly qualified by this cautionary statement.
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For more information, please contact:
BULGOLD Inc.
Sean Hasson, President and CEO
Telephone: +359 2 989 2361
Email: information@BULGOLD.com
Website: www.BULGOLD.com
