09:12 AM EDT, 09/04/2025 (MT Newswires) -- Blue Gold ( BGL ) said Thursday it closed a $5 million private placement of senior convertible notes with an undisclosed investor.

The senior convertible notes are convertible at a price of $13.51 per share and bear interest at 7% per annum. The company said it also issued the investor warrants for up to 215,299 ordinary shares at a price of $16.88 per share.

Blue Gold ( BGL ) said it also entered into an agreement with an institutional investor, enabling it to sell up to $75 million in newly issued ordinary shares. Upon the satisfaction of certain conditions, the line of credit will provide the company access to additional capital.

Proceeds from the notes and line of credit are expected to support key strategic and long-term growth initiatives across its core markets, Blue Gold ( BGL ) said.