Blue Gold Limited (Nasdaq: BGL) ("Blue Gold" or the "Company"), a next-generation gold development and technology company, today announced that it has entered into a definitive agreement for a $10 million private investment in public equity ("PIPE") with Hudson Dunes FZCO ("Hudson Dunes"), a global commodity trading enterprise headquartered in Dubai, UAE.
Under the terms of the agreement, Hudson Dunes will purchase 2,500,000 ordinary shares of Blue Gold at a price of $4.00 per share. The investment represents a strategic expansion of the relationship between the two companies and further aligns Hudson Dunes as both a capital partner and a commercial counterparty across Blue Gold's gold trading and tokenisation platform.
The PIPE investment follows the previously announced partnership between Blue Gold and Hudson Dunes, which includes (i) a gold supply agreement providing for up to 1 million ounces of physical gold to support tokenisation activities, and (ii) a $15 million proprietary gold trading facility to enable Blue Gold to undertake recurring gold trades in partnership with Hudson Dunes.