11:31 AM EDT, 06/17/2026 (MT Newswires) -- Bullion Gold Resources (BGD.V) on Wednesday it closed a non-brokered private placement of share units, raising proceeds of $2 million.

The company said it placed 22.2-million units in the financing, with each priced at $0.09 and made up of a share and and one half of an 18-month warrant to buy a share for $0.15.

Proceeds will be used to fund the validation drilling campaign at its Terragold project in Quebec, as well as related geological, technical and exploration activities.

Shares of the company were last seen up $0.005 to $0.09 on the TSX Venture Exchange.