Business
Ashley Gold Announces Financing for Up To $275,000 through the Issuance of Flow-Through and Non-Flow Through Shares
Calgary, Alberta – TheNewswire - July 14, 2025 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to announce a $275,000 financing, consis
About this update from Ashley Gold Corp.
[{"type":"text","content":"Calgary, Alberta – TheNewswire - July 14, 2025 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to announce a $275,000 financing, consisting of both flow through and non-flow through shares. Ashley management will participate, anticipating a first tranche closing next week. President Noah Komavli states; “As we progress with exploration across our Dryden Portfolio, we will look at strengthening our balance sheet to accomplish 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 full funding is secured. Lower capex spending to further geological understanding remains an option; with the field crew itching to return to the Twilight Zone at Howie - a carbonate alteration system - for washing and channel cuts. At Sakoose, Ashley has procured quotations for a drone magnetic survey; a missing puzzle piece to begin the data consolidation over the entire district-scale package. I am deeply grateful for the continued support of our shareholders as we advance our exploration efforts and I look forward to 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 INV...