BULGOLD Inc. (ZLTO) Financings
TSXV: ZLTO · Gold · Exploration stage
- Market cap$3.6M
- Share price$0.050
- 52-week range$0.030 – $0.100
- Shares outstanding72,626,013
- ExchangeTSXV
- Websitewww.bulgold.com
BULGOLD is a gold exploration company focused on the exploration and development of mineral exploration projects in Central and Eastern Europe. The Company controls 100% of three quality quartz-adularia epithermal gold projects located in the Bulgarian and Slovak portions of the Western Tethyan Belt: the Lutila Gold Project, the Kostilkovo Gold Project and the Kutel Gold Project. Management of the Company believes that its assets show potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralisation.
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BULGOLD Inc. financial statements
Key figures read from 20 of 20 financial statement filings, May 19, 2022 to Aug 21, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$259,530 | C$345,204 | C$2,015,716 | C$1,804,092 | C$322,446 |
| Total current assets | C$326,876* | C$374,253* | C$2,102,196* | C$1,815,067* | — |
| Exploration and evaluation assets | C$3,206,374 | C$2,380,671 | C$1,145,579 | — | — |
| Property, plant and equipment | C$6,614 | C$13,762 | C$23,645 | C$3,172 | C$0 |
| Total assets | C$3,539,864 | C$2,768,686 | C$3,271,420 | C$1,818,239 | C$391,338 |
| Total liabilities | C$733,183 | C$625,604 | C$621,456 | C$120,470 | C$23,982 |
| Shareholders' equity | C$2,806,681 | C$2,143,082 | C$2,649,964 | C$1,697,769 | C$367,356 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | — | — | — | C$19,473 | C$644 |
| Share-based compensation | C$117,667 | C$135,949 | C$187,868 | C$186,087 | C$0 |
| Net income (loss) | (C$588,532) | (C$668,709) | (C$1,871,798) | (C$532,370) | (C$644) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$366,037) | (C$469,754) | (C$936,770) | (C$236,559)* | — |
| Investing cash flow | (C$632,623) | (C$1,226,649) | C$1,091,325 | (C$3,806)* | — |
| Financing cash flow | C$986,460 | C$0 | C$1,806,072 | C$1,722,011* | — |
| Exploration spending (capitalized) | (C$642,475) | (C$1,235,092) | (C$683,688) | — | — |
| Proceeds from share issues | C$1,076,720 | C$0 | C$2,210,049 | C$2,000,000 | — |
| Change in cash | (C$53,705) | (C$1,696,402) | C$1,960,628 | C$1,481,646 | C$322,446 |
| Cash at end of period | — | — | — | C$1,804,092 | C$322,446 |
* Calculated from the statement's own lines: the company did not print this total with a label.
BULGOLD Inc. financings
2 financings announced or closed by BULGOLD Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-04-21 | BULGOLD Inc. (ZLTO) | LIFE offering, non-brokered | Closed, 1 tranche | $1.2M | $0.050 | BULGOLD Announces Closing of Non-Brokered Private Placement for Gross Proceeds of Approximately $1.17 Million |
| 2025-06-05 | BULGOLD Inc. (ZLTO) | Private placement, non-brokered | Closed, 1 tranche | $1.1M | $0.050 | BULGOLD Announces Non-Brokered Private Placement for Gross Proceeds of up to $1 Million |