BULGOLD Inc. (TSXV: ZLTO), a gold exploration company focused on Central and Eastern Europe, has announced the engagement of HE Capital Markets Ltd (HECM) to deliver investor engagement services across North America and Europe. The agreement, subject to TSX Venture Exchange approval, is set to become effective October 6, 2026, with a 3-month initial term at a cost of US$9,000. The arrangement signals BULGOLD's intent to broaden its visibility among investors as it advances three epithermal gold projects in Bulgaria and Slovakia.

Key Points

  • BULGOLD Inc. (TSXV: ZLTO) is a Toronto-based gold exploration company operating in Central and Eastern Europe
  • The company has engaged HE Capital Markets Ltd to provide investor engagement services in North America and Europe
  • The agreement carries a 3-month initial term effective October 6, 2026, with total compensation of US$9,000 in cash — no securities will be issued to HECM
  • Investors may watch for increased media coverage and communications activity as HECM deploys its investor network and digital channels on BULGOLD's behalf

Scope of HECM's Investor Engagement Mandate for BULGOLD

Under the agreement, HECM will provide company updates, announcements, interviews, articles, and other relevant communications through its investor network and via media and digital channels. The firm will also prepare fact sheets and supporting materials covering BULGOLD's assets, strategy, key milestones, and overall investment proposition. HECM is a full-service investor relations firm headquartered at 3 London Bridge Street, London, United Kingdom, and works with North American companies to improve visibility in both North America and Europe.

Agreement Terms, Compensation, and Arm's-Length Confirmation

The agreement carries a 3-month initial term, subject to any mutually agreed extension, with either party entitled to cancel upon 30 days' prior written notice. BULGOLD will pay HECM an aggregate of US$9,000 for the full term. The company confirmed that HECM, including its directors and officers, does not own any securities of BULGOLD and maintains an arm's-length relationship with the company. No securities will be issued as compensation, and the release states there are no performance factors contained in the agreement.

BULGOLD's Gold Exploration Portfolio in the Western Tethyan Belt

BULGOLD controls 100% of three quartz-adularia epithermal gold projects located in Bulgaria and Slovakia along the Western Tethyan Belt: the Lutila Gold Project, the Kostilkovo Gold Project, and the Kutel Gold Project. Management has stated its belief that these assets show potential for high-grade, low-sulfidation epithermal gold mineralisation with good metallurgy. As of June 30, 2026, the company had 72,626,013 issued and outstanding shares, with approximately 20.1% held by founders, directors, and management. The immediate share price impact was not clear from available public information.