Attached files
file | filename |
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EX-10.2 - FORM OF WARRANT - AUGUSTA GOLD CORP. | bfgc_ex102.htm |
EX-10.1 - FORM OF SUBSCRIPTION AGREEMENT - AUGUSTA GOLD CORP. | bfgc_ex101.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): May 24, 2017
BULLFROG GOLD CORP.
(Exact Name of Registrant as Specified in Charter)
Delaware |
| 333-164908 |
| 41-2252162 |
(State or other jurisdiction of incorporation) |
| (Commission File Number) |
| (IRS Employer Identification No.) |
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897 Quail Run Drive, Grand Junction, Colorado |
| 81505 | ||
(Address of principal executive offices) |
| (Zip Code) |
Registrants telephone number, including area code: (970) 628-1670
______________
(Former name or former address, if changed since last report)
Copies to:
Harvey J. Kesner, Esq.
61 Broadway, 32nd Floor
New York, New York 10006
Telephone: (212) 930-9700
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 3.02
Unregistered Sales of Equity Securities
On May 23, 2017, the Company sold an aggregate of 10,200,000 units (the Units) with gross proceeds to the Company of $816,000 to certain accredited investors (the Investors) pursuant to a subscription agreement (the Subscription Agreement). The proceeds from this offering will be used primarily for general corporate purposes.
Each Unit was sold for a purchase price of $0.08 per Unit and consisted of: (i) one share of the Companys common stock, $0.0001 par value per share (the Common Stock) and (ii) a two year warrant (the Warrants) to purchase one hundred (100%) percent of the number of shares of Common Stock purchased at an exercise price of $0.15 per share, subject to adjustment upon the occurrence of certain events such as stock splits and dividends.
The Warrants contains limitations on the holders ability to exercise the Warrant in the event such exercise causes the holder to beneficially own in excess of 4.99% of the Companys issued and outstanding Common Stock, subject to a discretionary increase in such limitation by the holder to 9.99% upon 61 days notice.
The foregoing is not a complete summary of the terms of the Subscription Agreement and the Warrant, and is qualified in its entirety by reference to the complete text of the Subscription Agreement and the Warrant attached as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K, which are hereby incorporated by reference.
The Units were issued to accredited investors, as such term is defined in the Securities Act of 1933, as amended (the Securities Act) and were offered and sold in reliance on the exemption from registration afforded by Section 4(2) and Regulation D (Rule 506) under the Securities.
Item 9.01
Financial Statements and Exhibits
(d)
Exhibits.
Exhibit No . | Description |
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10.1 | Form of Subscription Agreement |
10.2 | Form of Warrant |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: May 24, 2017 | BULLFROG GOLD CORP. |
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| By: | /s/ David Beling |
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| Name: David Beling |
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| Title: President, Chief Executive Officer and Chief Financial Officer |
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