Ashley Gold Corp. Announces Filing of an Amended and Restated LIFE Offering Document
Executive Summary
- Ashley Gold Corp. filed an Amended and Restated Offering Document clarifying use of proceeds for its upcoming LIFE charity‑flow‑through (CFT) and hard‑dollar (NFT) financings.
- The offering targets up to $2.0 M total capital: $500 k–$1.5 M from CFT units at $0.11/unit and $300 k–$500 k from NFT units at $0.08/unit, each with 3‑year half‑warrants at $0.12.
- Proceeds will fund a 4,000 m drilling program on the Tak Patents (Ontario), 3D IP surveys, and exploratory work on other Ontario and BC gold properties, with charity flow‑through funds to be renounced by end‑2026.
Key Details
- Financing Structure
- Charity Flow‑Through (CFT) – $0.11 per unit, 3‑year half‑warrant at $0.12; minimum $500 k, maximum $1.5 M (4,545,454 – 13,636,363 units).
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Hard‑Dollar LIFE Financing (NFT) – $0.08 per unit, 3‑year half‑warrant at $0.12; minimum $300 k, maximum $500 k (3,750,000 – 6,250,000 units).
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Finder & Advisor Compensation
- Finder cash commission: 8% of gross proceeds plus finder’s warrants equal to 8% of units sold.
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Advisory fee to Research Capital Corp.: $25,000 cash and issuance of 325,000 advisor shares at a deemed price of $0.08 per share; both subject to a four‑month + one‑day hold period.
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Use of Proceeds
- Up to 4,000 m drilling program on Tak Patents (mid‑late February mobilization).
- 3D IP survey quotes and execution during winter, concurrent with confirmation drilling.
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Additional funds for Alto‑Gardnar IP survey and a 500 m spring exploratory drill program.
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Closing Timeline – Anticipated around February 26 2026, subject to regulatory approvals and CSE clearance.
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Tak Patents Overview
- Historic drilling (1999 Triex, 2002 Southern Rio) returned notable grades, e.g., 2.082 g/t Au over 31.83 m (Tak‑99‑10).
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Property hosts a ≥500 m × 1,400 m quartz‑feldspar porphyry body with stockwork gold mineralization; potential for open‑pit/bulk‑mineable resources.
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Royalty – Existing 5% royalty held by Royal Gold Inc., including a 2.5% buy‑back option at any time for $1 M.
Notable Quotes
“This LIFE financing will allow Ashley to achieve its drilling goals, with nearly immediate mobilization occurring on closing… Our goal is to drive value creation, with an initial drill campaign to confirm grades, infilling in historic fences and stepping out.” – President Noah Komavli
All technical information prepared/reviewed by Darcy Christian, P.Geo., Qualified Person (NI 43‑101).