Business
Ashley Gold Announces Financing and Echo Project Option
CALGARY, ALBERTA = April 8, 2025 = TheNewswire - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) Announces a $175,000 financing with closing expecte
About this update from Ashley Gold Corp.
[{"type":"text","content":"CALGARY, ALBERTA = April 8, 2025 = TheNewswire - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) Announces a $175,000 financing with closing expected early next week. On the financing, CEO Darcy Christian, PGeo; “Following the success of our Burnthut program, we’ve seen strong interest in Ashley and have opened a modest financing to strengthen our balance sheet ahead of the upcoming summer exploration season. We anticipate a quick closing, with the raise expected to wrap up by next week. We’re grateful for the continued support of our existing shareholders as we advance our exploration efforts.” FINANCING TERMS AND USE OF PROCEEDS The Company announces a non-brokered private placement financing (the “Offering”) for aggregate proceeds of up to $175,000 (CDN) to advance exploration on Ashley’s Ontario gold properties and general working capital. The Offering consists of a Unit at a price of $0.05 for gross proceeds of up to $175,000. Each Unit is comprised 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 proceeds raised from Units will also be used for exploration work and for general working capital purposes. 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 April 8, 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 investm...