Ashley Gold Corp. Announces Financing for Up To $275,000 through the Issuance of Flow-Through and Non-Flow Through Shares
(TheNewswire)
Calgary, Alberta – TheNewswire -July 14, 2025 - Ashley GoldCorp. (CSE: “ASHL”) (“Ashley”or the “Company”) is pleased to announce a $275,000financing, consisting of both flow through and non-flow throughshares. Ashley management will participate, anticipating a firsttranche closing next week.
President Noah Komavli states;
“As we progress with exploration across our DrydenPortfolio, we will look at strengthening our balance sheet toaccomplish our ambitious summer and fall plans.
With Howie and the Tabor Mine permitted for drilling,we have the optionality to mobilise a drilling crew provided fullfunding is secured.
Lower capex spending to further geologicalunderstanding remains an option; with the field crew itching to returnto the Twilight Zone at Howie - a carbonate alteration system - forwashing and channel cuts. At Sakoose, Ashley has procured quotationsfor a drone magnetic survey; a missing puzzle piece to begin the dataconsolidation over the entire district-scale package.
I am deeply grateful for the continued support of ourshareholders as we advance our exploration efforts and I look forwardto further supporting the company personally.”
FINANCING TERMS AND USE OF PROCEEDS
The Company announces a non-brokered private placement
financing (the “Offering”) for aggregate proceeds of up to
$275,000 (CDN) to advance exploration on Ashley’s Ontario and
British Columbia gold properties, as well as for general working
capital.
The Offering consists of a Non-Flow-Through (NFT) Unit
at a price of $0.045. Each Unit is comprised of one common share and
one-half of one share purchase warrant. Each full warrant is
exercisable for one non-flow through common share, at an exercise
price of $0.12 for a term of 24 months after the closing (“Closing
Date”).
The Offering also consists of a Flow-Through (FT) Unit
at a price of $0.05. Each Unit is comprised of one common share and
one-half of one share purchase warrant. Each full warrant is
exercisable for one non-flow through common share, at an exercise
price of $0.12 for a term of 24 months after the closing (“Closing
Date”).
In connection with the issue and sale of the Units
under the Offering, the Company may pay finder fees and finder
warrants to eligible finders at the discretion of the Board of
Directors.
THE
EXISTING SHAREHOLDER EXEMPTION AND INVESTMENT DEALER EXEMPTION
The Offering will be made available to existing
shareholders of the Company who, as of the close of business on July
3, 2025, held common shares of the Company (and who continue to hold
such common shares as of the closing date), pursuant to the prospectus
exemption set out in B.C. Instrument 45-534 — Exemption From
Prospectus Requirement for Certain Trades to Existing Security Holders
and in similar instruments in other jurisdictions in Canada. The
existing shareholder exemption limits a shareholder to a maximum
investment of $15,000 in a 12-month period unless the shareholder has
obtained advice regarding the suitability of the investment and, if
the shareholder is resident in a jurisdiction of Canada, that advice
has been obtained from a person that is registered as an investment
dealer in the jurisdiction. If the Company receives subscriptions from
investors relying on the existing shareholder
exemption exceeding the maximum amount of the financing, the Company
intends to adjust the subscriptions received on a pro rata
basis.
The Company has also made the Offering available to
certain subscribers pursuant to B.C. Instrument 45-536 – Exemption
Form Prospectus Requirement for Certain Distributions Through an
Investment Dealer. In accordance with the requirements of the
investment dealer exemption, the Company confirms that there is no
material fact or material change about the Company that has not been
generally disclosed.
The Offering is subject to all necessary regulatory
approvals including acceptance from the Canadian Securities Exchange.
All securities issued in connection with the Offering will be subject
to a four-month hold period from the closing date under applicable
Canadian securities laws, in addition to such other restrictions as
may apply under applicable securities laws of jurisdictions outside
Canada.
About Ashley Gold Corp.
Ashley Gold Corp. is a focused exploration company
targeting high-potential gold and polymetallic deposits in Canada’s
top mining regions. We aim to deliver strong returns for shareholders
through smart exploration and strategic growth.
Our Assets
• Ontario (Dryden Area): 100% ownership in
Burnthut, Tabor, Howie, Alto-Gardnar, plus an option on Sakoose
claims.
• British Columbia: Icefield Portfolio with three
promising claim packages.
For more information, visit:
www.ashleygoldcorp.com.
Contact Information
On behalf of the Board of Directors,
Noah J. Komavli, President,Director
C: (647) 567-9840
E: info@ashleygoldcorp.com
X: KKomavli
-Or-
Darcy Christian, P.Geo, CEO
C: (587) 777-9072
E: dchristian@ashleygoldcorp.com
Connect With Ashley:
www.ashleygoldcorp.com
X: https://x.com/AshleyGoldCorp
Forward-Looking Statements
This news release includes certain “forward-lookingstatements” which are not comprised of historical facts.Forward-looking statements are based on assumptions and address futureevents and conditions, and by their very nature involve inherent risksand uncertainties. Although these statements are based on currentlyavailable information, Ashley Gold Corp. provides no assurance thatactual results will meet management’s expectations. Factors whichcause results to differ materially are set out in the Company’sdocuments filed on SEDAR+ (www.sedarplus.ca) (www.sedarplus.ca). Unduereliance should not be placed on “forward-lookingstatements.”
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