NetworkNewsBreaks – Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) Announces Strategic Transaction, New Cornerstone Shareholders
Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B), on Tuesday announced its entry into a binding term sheet to acquire rights to 1,500 acres adjoining the company's Bullfrog Gold Deposit from Barrick Gold Corporation (TSX: ABX) (NYSE: GOLD) and a C$22 million financing to be completed by Augusta Investments Inc. Among the highlights of the transaction, Barrick and Augusta will become new cornerstone shareholders, with Barrick to own 15.9% and Augusta to own 31.9% of Bullfrog's shares outstanding after closing, calculated on an undiluted basis. “This is potentially another value-creating transaction which, once completed will consolidate assets to create…







