In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Bullfrog Gold Corp. (OTCMKTS:BFGC) reported that Eros Resources Corp. has picked up 6,750,000 of common stock as of 2017-05-24.
The acquisition brings the aggregate amount owned by Eros Resources Corp. to a total of 6,750,000 representing less than 7.3% stake in the company.
For those not familiar with the company, Bullfrog Gold Corp. (Bullfrog Gold) is an exploration-stage company engaged in the acquisition and exploration of properties that contain gold and other mineralization in the United States. The Company owns, controls or has acquired mineral rights on State lands, private lands and Federal patented and unpatented mining claims in the state of Nevada for the purpose of exploration and potential development of gold, silver and other metals on a total of approximately 4,380 acres. Its projects include Bullfrog Project, which lies approximately three miles northwest of the town of Beatty and over 116 miles northwest of Las Vegas, Nevada, and Klondike Project, which is located in the Alpha Mining District approximately 40 miles north of Eureka, Nevada. The initial property includes over 109 claims that cover approximately 2,180 acres. The Klondike claims lie approximately 10 miles north of the Mt. Hope molybdenum mine, which is under development as the molybdenum deposits.
A glance at Bullfrog Gold Corp. (OTCMKTS:BFGC)’s key stats reveals a current market capitalization of 7.84 Million based on 92.23 Million shares outstanding and a price at last close of $0.0850 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-07-25, Lindsay picked up 500,000,000 at a purchase price of $0.02. This brings their total holding to 46,500 as of the date of the filing.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Bullfrog Gold Corp. (OTCMKTS:BFGC) as things move forward to see if its progress aligns with these transactions.
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