Business
Ashley Gold Closes Final Tranche of Non-Brokered Private Placement
CALGARY, ALBERTA - July 31, 2026 – TheNewswire - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to announce that it has closed the secon
About this update from Ashley Gold Corp.
CALGARY, ALBERTA - July 31, 2026 – TheNewswire - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement of units (the “Units”) for aggregate gross proceeds in this tranche of CDN$72,797.58 (the “Offering”), bringing aggregate gross proceeds under the private placement to CDN$447,831.59. With the closing of this tranche, the Offering is complete and no further tranches will be closed. President Noah Komavli; “With this tranche the financing is closed out. The Company continues to be actively drilling at the Tak and we will update the market as results come in.” Tranche 2 The second and final tranche consisted of the issuance of: • 769,232 critical mineral flow-through units (the "CFT Units") at a price of CDN$0.065 per CFT Unit for gross proceeds of CDN$50,000.08; and • 414,500 non-flow-through units (the "NFT Units") at a price of CDN$0.055 per NFT Unit for gross proceeds of CDN$22,797.50. Each CFT Unit consists of one common share of the Company issued as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each NFT Unit consists of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant (a "Warrant") entitles the holder to acquire one additional common share of the Company at a price of CDN$0.10 per share for a period of 24 months from the closing date of the Offering. The common shares issuable upon exercise of the Warrants will be issued as non-flow-through common shares. The gross proceeds from the sale of the CFT Units will be used to incur eligible Canadian exploration expenses intended to qualify as "flow-through critical mineral mining expenditures" within the meaning of the Income Tax Act (Canada), including drilling at the Company's permitted gold projects located in Ontario. The Company will renounce such qualifying expenditures to subscribers of the CFT Units with an effective date no later than December 31, 2026, and will incur such qualifying expenditures on or before December 31, 2027. The gross proceeds from the sale of the NFT Units will be used for general and administrative expenses and general working capital purposes. In connection with the second tranche...