Ashley Gold Corp. Announces Close of Over Subscribed Placement, Phase 2 Work Funded
Calgary, August 28, 2025 - Ashley Gold Corp. (CSE: "ASHL") ("Ashley" or the "Company") is pleased to announce a closing of the second tranche of its private placement, over subscribing the placement. On July 29th, 2025, Ashley announced the close of the first tranche of the placement, raising $136,890.00. With the second tranche now closed, gross proceeds raised totals $286,890.00.
"With our exploration budget now fully funded, our team is finalizing next steps. Phase 1 work was completed earlier this week on budget and we will issue an update shortly to keep our shareholders informed." stated President Noah Komavli.
TRANCHE 2 DETAILS
The second tranche consisted of the issuance of 3,000,000 FT shares for gross proceeds of $150,000.00.
Each FT Unit (FT) consists of one flow-through common share of the Company at $0.05 per share and one half a non-flow-through common share purchase warrant. Each FT Warrant is exercisable to purchase one non-flow-through common share of the Company at $0.12 for two years from the date of issue.
The Company intends to use the gross proceeds of the FT Offering to incur "Canadian exploration expenses" as defined in the Income Tax Act (Canada) and proposed amendments thereto.
Finders' fees of $15,000.00 in cash plus 300,000 broker warrants were paid to arm's length parties. Shares issued pursuant to the Financing will be subject to a statutory hold period of four months plus a day from the date of issuance, according to the applicable security laws of Canada.
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: noah.komavli@alumni.utoronto.ca
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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