Business
Ashley Gold Closes Private Placement, 2026 Q1 Plans Funded
CALGARY, ALBERTA - Dec 16, 2025 – TheNewswire - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to announce that it has closed the final
About this update from Ashley Gold Corp.
[{"type":"text","content":"CALGARY, ALBERTA - Dec 16, 2025 – TheNewswire - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to announce that it has closed the final tranche of the previously announced financing for gross proceeds of $506,861.51. On November 13th, 2025, the company opened the financing for proceeds of $530,000. On November 27th 2025, the company closed the first tranche for proceeds of $265,260.06. The first tranche consisted of: 1,578,922 units of FT at $0.095 with a 2 year half warrant at $0.15 for gross proceeds of $149,997.59; and 1,536,833 units of NFT at $0.075 with a 2 year half warrant at $0.12 for gross proceeds $115,262.47; Management funded $78,750 of the tranche. The closing of the final tranche consists of the following issuance non-flow through (NFT) units and flow through (FT) units, for proceeds of $214,601.45, with pricing and breakdown as follows: 1,586,200 units of FT at $0.095 with a 2 year half warrant at $0.15 for gross proceeds of $150,689.00; and 1,212,166 units of NFT at $0.075 with a 2 year half warrant at $0.12 for gross proceeds $90,912.45. Flow-through funds are expected to be used for eligible exploration expenses, including drilling at the company’s permitted projects and will be renounced by the company December 31, 2025. Hard dollar gross proceeds are expected to be used for exploration costs as well as corporate G&A costs. President Noah Komavli on the raise; “With Howie drilling concluded and core logging commencing shortly, I look forward to providing the markets with additional updates. Ashley is now funded for a second drill program of similar scale to the Howie Program (~550m), which we will discuss in detail in the coming year. This has been the largest equity raise completed since the company IPOed, a testament to quality of projects, jurisdiction, focus and management execution. We are very grateful for the growing support and interest provided by investors in our mission to discover gold in the Dryden area.” FINANCING TERMS AND USE OF PROCEEDS The Company announces a non-brokered private placement financing (the “Offering”) for aggregate proceeds of up to $530,000 (CDN) to advance exploration on Ashley’s Ontario and British Columbia gold properties, as well as for general working capital. The Offering consisted of a Non-F...