Ashley Gold Corp. Announces Financing for Up To $275,000 through the Issuance of Flow-Through and Non-Flow Through Shares
Calgary, 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 INVESTMENT DEALER EXEMPTION
The Offering will be made available to existing shareholders of the Company who, as of the close of business on July 3, 2025, held common shares of the Company (and who continue to hold such common shares as of the closing date), pursuant to the prospectus exemption set out in B.C. Instrument 45-534 - Exemption From Prospectus Requirement for Certain Trades to Existing Security Holders and in similar instruments in other jurisdictions in Canada. The existing shareholder exemption limits a shareholder to a maximum investment of $15,000 in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. If the Company receives subscriptions from investors relying on the existing shareholder exemption exceeding the maximum amount of the financing, the Company intends to adjust the subscriptions received on a pro rata basis.
The Company has also made the Offering available to certain subscribers pursuant to B.C. Instrument 45-536 - Exemption Form Prospectus Requirement for Certain Distributions Through an Investment Dealer. In accordance with the requirements of the investment dealer exemption, the Company confirms that there is no material fact or material change about the Company that has not been generally disclosed.
The Offering is subject to all necessary regulatory approvals including acceptance from the Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.
About Ashley Gold Corp.
Ashley Gold Corp. is a focused exploration company targeting high-potential gold and polymetallic deposits in Canada's top mining regions. We aim to deliver strong returns for shareholders through smart exploration and strategic growth.
Our Assets
• Ontario (Dryden Area): 100% ownership in Burnthut, Tabor, Howie, Alto-Gardnar, plus an option on Sakoose claims.
• British Columbia: Icefield Portfolio with three promising claim packages.
For more information, visit: www.ashleygoldcorp.com.
Contact Information
On behalf of the Board of Directors,
Noah J. Komavli, President, Director
C: (647) 567-9840
E: info@ashleygoldcorp.com
X: KKomavli
-Or-
Darcy Christian, P.Geo, CEO
C: (587) 777-9072
E: dchristian@ashleygoldcorp.com
Connect With Ashley:
www.ashleygoldcorp.com
X: https://x.com/AshleyGoldCorp
Forward-Looking Statements
This news release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Ashley Gold Corp. provides no assurance that actual results will meet management's expectations. Factors which cause results to differ materially are set out in the Company's documents filed on SEDAR+ (www.sedarplus.ca) (www.sedarplus.ca). Undue reliance should not be placed on "forward-looking statements."
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