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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

____________________________________________________________


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.)

 

 

 

 

 

897 Quail Run Drive, Grand Junction, Colorado

 

81505

(Address of principal executive offices)

 

(Zip Code)


Registrant’s 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


____________________________________________________________


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))


____________________________________________________________






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 Company’s 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 holder’s ability to exercise the Warrant in the event such exercise causes the holder to beneficially own in excess of 4.99% of the Company’s 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

 

 

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.

 

 

 

 

 

 

By:

/s/ David Beling

 

 

 

Name: David Beling

 

 

 

Title: President, Chief Executive Officer and Chief Financial Officer

 




































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