Bullfrog Gold Raised $1,075,000 Through Private Placement

Bullfrog Gold Corp. (OTCBB:BFGC) announced that they have raised $1,075,000 through a private placement that closed on November 19, 2012.

As quoted in the press release:

The private placement was priced at $0.25 per unit, with each unit consisting of a full warrant at a per share exercise price of $0.35. In connection with the private placement, the Company issued 1,200,000 shares of its Series B Preferred Stock to certain investors and 3,100,000 shares of its common stock to certain investors. In addition, a certain note holder converted a $200,000 note for 804,600 shares of our Series B Preferred Stock (which also included the conversion of accrued and unpaid interest in the amount of $1,150 on such note). In addition, we issued 276,000 shares of our common stock to our legal counsel in satisfaction of certain legal fees.

To view the full press release, click here.