Bullion Gold Resources Corp. announced that it has completed a private placement of 3,305,000 units at a price of CAD 0.06 per unit for proceeds of CAD 198,300 and 4,968,750 flow-through units at an issue price of CAD 0.08 per unit for proceeds of CAD 397,500 for an aggregate gross proceeds of CAD 595,800 on November 3, 2022. Each unit consists of one common share and one common share purchase warrant, each warrant entitling its holder to purchase one additional common share in the capital of the Company for a period of 24 months from the closing, at a purchase price of CAD 0.08 per common share. Each flow-through unit is comprised of one flow-through share and one-half common share purchase warrant, each warrant entitling its holder to purchase one additional common share in the capital of the company for a period of 12 months from the closing date, at a purchase price of CAD 0.12 per common share. An insider of the company subscribed for a total of 100,000 units. All securities issued pursuant to the transaction will be subject to a hold period of four months and one day ending on March 2, 2023. The placement is subject to final approval by the TSX Venture Exchange.

In connection with the transaction, the company paid a finder's fee of 7% in cash and issued 281,250 finder's warrants. Each finder's warrant is exercisable to acquire one additional common share at a price of CAD 0.08 per warrant for a period of 24 months from issuance. The transaction included participation from 24 placees which included aggregate existing insider involvement of one insider,100,000 common shares. The TSX Venture Exchange has accepted for filing documentation with respect to private placement.