Dundee Corporation, through its fully owned company Dundee Resources Limited, has made a new investment in Bulgold Inc. by buying over 1.45 million of its shares in a private deal. The purchase price was $0.05 per share, bringing the total investment to about $72,727.
Before this deal, Dundee and its related companies already owned around 3.25 million shares and over 830,000 share purchase warrants in Bulgold. That gave them roughly 11.79% ownership of the company’s shares (undiluted) and 14.38% if the warrants were exercised (partially diluted). After this latest purchase, their ownership increased to about 4.7 million shares, still holding the same number of warrants. Now they own about 9.58% of Bulgold’s shares directly and 11.09% if the warrants are included.
Dundee says this investment is purely for financial reasons, meaning they believe it could grow in value. They’ll keep watching how Bulgold performs, how the market moves, and may choose to either buy more shares or sell some in the future based on those factors.
Key Points:
- Who is involved?
Dundee Corporation and its subsidiary Dundee Resources Limited. - What happened?
Dundee bought 1,454,553 common shares of Bulgold Inc. at $0.05 per share, totaling $72,727.65. - Ownership before the deal:
- ~3.25 million shares
- ~833,000 warrants
- ~11.79% ownership (undiluted)
- ~14.38% ownership (partially diluted)
- Ownership after the deal:
- ~4.7 million shares
- Still ~833,000 warrants
- ~9.58% ownership (undiluted)
- ~11.09% ownership (partially diluted)
- Purpose of the purchase:
- Investment only (not for control or takeover)
- Dundee may buy more or sell later based on market or company conditions.
About Dundee Corporation
Dundee Corporation is a Canadian holding company that primarily focuses on making long-term investments in the mining and natural resources sectors. From an outside perspective, the firm operates as a strategic partner and investor, aiming to back high-potential companies through both financial capital and business insight.
The company is recognized for its legacy of value creation, stemming from decades of experience in resource-focused investing. Rather than taking a passive role, Dundee tends to work closely with its portfolio companies, often taking active positions to help guide operations, support governance, and enhance overall growth.
With its headquarters in Toronto, Dundee has transitioned over time to streamline its operations, concentrating its resources into a more focused portfolio. This shift reflects the firm’s intent to build a strong foundation for sustainable value generation, both for its shareholders and the companies in which it invests.
Led by a management team with deep sector knowledge and investment expertise, Dundee Corporation is positioning itself as a key player in enabling the success of entrepreneurial ventures in resource industries.
About Bulgold Inc.
Bulgold Inc. is a mineral exploration company focused on discovering high-grade gold deposits in Bulgaria, a region known for its rich mining history and untapped geological potential. The company’s strategy centers on advancing early-stage exploration projects with strong geological indicators of large-scale gold systems.
Bulgold holds a portfolio of exploration licenses, including high-priority targets in areas such as the Western Srednogorie and Rhodope regions, which are part of Europe’s highly prospective Tethyan Metallogenic Belt. The company employs a technical and systematic approach to exploration, combining modern geophysical and geochemical techniques with in-depth geological knowledge of the region.
With a commitment to responsible and sustainable exploration practices, Bulgold aims to create long-term value for its shareholders while working collaboratively with local communities and stakeholders. The company is led by a seasoned team with expertise in mineral discovery and project development across Europe and globally.
