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Bullion Gold Resources Seeking $1.5 Million From a Private Placement of Share Units

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Bullion Gold Resources (BGD.V) on Tuesday said it will raise up to $1.5 million in a private placement of share units.

The company is seeking to place up to 16.67-million units priced at $0.09 and made up of a share and one half of an 18-month warrant to buy a share for $0.15.

Proceeds will be used primarily to fund the validation drilling campaign at the Terragold project, together with related geological, technical and exploration activities, which are scheduled to begin in late June.

The company's shares were last seen up $0.01 to $0.095 on the TSX Venture Exchange.

Price: $0.10, Change: $+0.01, Percent Change: +11.76%

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