Attached files
file | filename |
---|---|
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): January 21, 2020
BULLFROG GOLD CORP.
(Exact Name of Registrant as Specified in Charter)
Delaware |
| 000-54653 |
| 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) |
Registrants telephone number, including area code: (970) 270-8306
Copies to:
Sichenzia Ross Ference LLP
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:
[ ]Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 1.01 | Entry into a Material Definitive Agreement. |
On January 16, 2020, Bullfrog Gold Corp. (the Company) entered into subscription agreements (Subscription Agreements) pursuant to which the Company sold an aggregate of 15,384,615 Units (the Units) with gross proceeds to the Company of CAD$2,000,000 to certain accredited investors (the Investors). The proceeds from this offering will be used for general corporate purposes.
Each Unit was sold for a purchase price of CAD$0.13 per Unit and consisted of one share of the Companys common stock, $0.0001 par value per share (the Common Stock) and a two year warrant to purchase fifty percent (50% or one-half warrant) of the number of Units purchased in the offering at a per share exercise price of CAD$0.20. In connection with the offering, the Company issued an aggregate of 7,692,308 shares of its Common Stock.
The Company paid a total of CAD$118,918 for finder's fees on subscriptions under the Offering, together with 914,750 share purchase warrants (the Finder Warrants). Each Finder Warrant entitles the holder to acquire one share of common stock at an exercise price of CAD$0.20 per share for a period of 24 months from the date of issuance.
The foregoing is not a complete summary of the terms of the offering described in this Item 1.01 and reference is made to the complete text of the form of Subscription Agreement and Warrant attached as exhibits to this report.
The Shares 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 Ac.
Item 3.02 | Unregistered Sales of Equity Securities. |
The information under Item 1.01 is incorporated by reference into this Item 3.02.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. |
| Description |
|
|
|
| Form of Subscription Agreement | |
|
|
|
| Form of Warrant |
2
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.
| BULLFROG GOLD CORP. |
| |
|
|
|
|
Date: January 21, 2020 | By: | /s/ David Beling |
|
|
| Name: David Beling |
|
|
| Title: President and Chief Executive Officer |
|
3