Business
Ashley Gold Enters Purchase Agreement with Pegasus Resources for Icefield Project
CALGARY, AB – TheNewswire - March 20, 2025 – Ashley Gold Corp. (CSE: ASHL) (the "Company" or "Ashley") is pleased to announce that it has entered into a purchas
About this update from Ashley Gold Corp.
[{"type":"text","content":"CALGARY, AB – TheNewswire - March 20, 2025 – Ashley Gold Corp. (CSE: ASHL) (the \"Company\" or \"Ashley\") is pleased to announce that it has entered into a purchase agreement (the “Agreement”) with Pegasus Resources Inc. [TSXv:PEGA] (\"Pegasus\") for the sale of the Icefield Property, located in British Columbia (the \"Property\"). This Agreement was signed on March 19, 2025, and no finders fees are associated with the transaction. CEO Darcy J. Christian; “It is with great enthusiasm that I announce the integration of Pegasus Resources' exciting high-grade copper, gold, and silver projects into our portfolio. Combined with our existing high-grade gold properties in Ontario, which remain a cornerstone of our value proposition, this acquisition elevates our asset base to new heights. We are now uniquely positioned with a diversified suite of exploration properties that underscores our growth trajectory and reinforces our commitment to delivering value to our shareholders. We remain committed to delivering exploration results as we plot a path forward, working across two premier mining and exploration jurisdictions in Canada. Mr. Noah Komavli's pending addition to the team will strengthen our leadership as we capitalize on these assets and chart the course ahead for a stronger, more dynamic company.” Pegasus Director Noah Komavli added, \"I am honored with the opportunity to join the board of Ashley Gold Corp. in the near future, and will represent Pegasus’ interest. In tandem, I look forward to aligning myself with Ashley shareholders, especially with the number of catalysts on the horizon, augmented by the macro environment for gold. The acquisition of Pegasus’ Icefield Project represents a transformative step forward, significantly enhancing Ashley’s optionality. Ashley’s strengthened asset base, combined with a clear vision for development and value creation, sets the stage for unlocking shareholder value in the near term. I look forward to contributing to this exciting chapter of growth and delivering on the potential of this revitalized company.” Agreement Highlights Purchase Terms: 1. In accordance with the terms of the Agreement, Pegasus will receive 8,000,000 common shares of Ashley Gold (the “Shares”) as follows: (i) 6,000,000 Shares of Ashley Gold upon signing the Agreement, subject to Ashley Gold’s...