Ashley Gold Corp. Launches LIFE Charity Flow Through and Concurrent LIFE Hard Dollar, Minimum Proceeds of $800,000, Maximum Allocation of $2 Million, Plans Extensive Winter Campaign on the Tak Patents, Adjacent to the Goliath Gold Complex, Held by NexGold
Executive Summary
- Ashley Gold Corp. announced a non‑brokered equity raise comprising two tranches: a charity‑flow‑through (CFT) unit at $0.11 per unit and a hard‑dollar (NFT) unit at $0.08 per unit, each with a 3‑year half‑warrant at $0.12.
- The financing targets up to $2.0 M total proceeds (minimum $800k, maximum $2.0 M) to support a 4,000 m drilling program, 3D IP surveys, and additional exploration on the Tak Patents and other Ontario/BC gold properties.
- The offering is being managed by exclusive finder Research Capital Corporation, which will receive an 8% cash commission and warrants; the Advisor will be paid $25k plus 325,000 advisor shares at a deemed price of $0.08 per share.
Key Details
- Charity‑Flow‑Through (CFT) tranche
- Price: $0.11/unit
- Warrant: 3‑year half‑warrant at $0.12
-
Units: 4,545,454 – 13,636,363 (minimum $500k, maximum $1.5 M)
-
Hard‑Dollar (NFT) tranche
- Price: $0.08/unit
- Warrant: 3‑year half‑warrant at $0.12
-
Units: 3,750,000 – 6,250,000 (minimum $300k, maximum $500k)
-
Use of Proceeds
- Up to 4,000 m drilling program on the Tak Patents (mid‑late February mobilization by Rodren Drilling Ltd.)
- 3D IP survey acquisition and execution during winter, concurrent with confirmation drilling
- Funding for Alto‑Gardnar IP survey and a 500 m spring exploratory drill program
-
General working capital and further exploration on Ontario & British Columbia gold assets
-
Finder Compensation
- Cash commission: 8% of gross proceeds from subscribers introduced by the Finder
-
Finder’s Warrants: equal to 8% of units sold (each warrant for one common share at offering price, exercisable for 3 years)
-
Advisor Compensation
- Work fee: $25,000 cash
-
Advisor Shares: 325,000 shares at a deemed price of $0.08/share, subject to a 4‑month + 1‑day hold period
-
Closing Timeline
-
Anticipated closing around February 26 2026, subject to regulatory approvals and CSE clearance
-
Project Background – Tak Patents
- Located on the southwestern portion of the Burnthut Property; historic drilling (1999–2002) returned significant gold intercepts, e.g., 2.082 g/t Au over 31.83 m (Tak‑99‑10) and multiple higher‑grade zones.
-
The target body is a ≥500 m wide × 1,400 m long quartz‑feldspar porphyry with stockwork gold mineralization.
-
Royalty
- Existing 5% royalty held by Royal Gold Inc., including a 2.5% buy‑back option for $1 M.
Notable Quotes
“This LIFE financing will allow Ashley to achieve its drilling goals, with nearly immediate mobilization occurring on closing… The Tak Patents have never seen significant drilling, and, given the size, grades and spot prices – it’s time to move aggressively on delineation efforts.” – Noah Komavli, President & Director
All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.