Business
Bayridge Resources Announces Closing of Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 31, 2025) - Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRRF) (FSE: O0K0) ("Bayridge" or the "Company"
About this update from Bayridge Resources Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - December 31, 2025) - Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRRF) (FSE: O0K0) (\"Bayridge\" or the \"Company\") announces that, further to its news release dated December 16, 2025, it has closed its non-brokered private placement for gross proceeds of $567,500 (\"Private Placement\"). The Private Placement consisted of two parts: 1,830,000 flow-through units (\"FT Units\") were issued at a price of $0.25 per FT Unit. Each FT Unit consists of one flow-through common share and one-half of one common share purchase warrant (\"FT Warrants\"), with each whole FT Warrant exercisable at $0.40 to acquire one common share for a period of 24 months. 550,000 (non-flow-through) units (\"NFT Units\") were issued at a price of $0.20 per NFT Unit. Each NFT Unit consisting of one (non-flow-through) common share and one-half of one warrant, with each whole warrant exercisable at $0.35 to acquire one common share for a period of 24 months. The Company intends to use the proceeds of the Private Placement to advance its mineral projects, and for general working capital and corporate purposes, including investor relations. The proceeds from the sale of the FT Units will be used to incur \"Canadian Exploration Expenses\" within the meaning of the Income Tax Act (Canada). In connection with the Private Placement, the Company paid an aggregate of $35,000 in cash finder's fees and issued 143,500 finder's warrants to certain arms-length parties who assisted in introducing subscribers to the Private Placement. The securities issued in connection with the Private Placement will be subject to a statutory hold period of four months and one day. About Bayridge Resources Corp. Bayridge Resources Corp. is a green energy company advancing its portfolio of Canadian uranium projects. The 51% owned Baker Lake Uranium Project consists of 83 contiguous claims in the Kivalliq Region of Nunavut, covering 619 km². Exploration has defined a 75 km unconformity with multiple uranium targets, supported by modern drilling and airborne geophysical surveys. Bayridge has also earned a 40% Interest in the 1,337 ha Waterbury East project, that is located 25 km northeast of the Cigar Lake Mine in the northeastern Athabasca Basin region. Geophysical surveys have identified a 7km long conductivity corridor where mid-2000's drill...