GRAND JUNCTION, Colo., Dec. 12, 2012 (GLOBE NEWSWIRE) -- Bullfrog Gold Corp (OTCBB:BFGC) ("Bullfrog" or the "Company") is pleased to announce the execution of a secured $4.2 million debt facility (Facility) with RMB Australia Holdings Limited (RMBAH). Funds from this facility are specifically for advancing the Newsboy Gold Project (Project) located 50 miles NW of Phoenix, Arizona and certain administrative costs. An 18-month budget and program includes drilling 28,000 feet in 69 exploration and development holes and furthering environmental, engineering and economic studies. The balance of funds drawn will be used for project and corporate administration, including property payments, financing fees and debt service.
Bullfrog Gold Secures $4.2 Million Debt Facility
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