Additionally, Bullfrog said it has raised about $3.6m through the private placement of its units, at a per unit price of $0.40.

Bullfrog president and CEO Dave Beling said this merger and private placement will allow the company to further explore and develop its gold project in Arizona; explore its highly prospective gold project adjacent to a major mine in Nevada; and evaluate selective mineral assets for acquisition.

Standard Gold Corp is focused on exploring and developing gold mining projects in the US.