Beauce Gold Fields Closing A Non-Brokered Flow-Through Private Placement

Beauce Gold Fields Inc. (BGF) has closed a non-brokered flow-through private placement of 6,649,000 units at $0.035 per unit, raising gross proceeds of $232,715. The capital is designated for the exploration of gold and phosphate properties, specifically funding a sonic drilling program at the Saint-Simon-les-Mines paleoplacer channel. The transaction included a related-party subscription by Director Ann Levasseur for 300,000 units.

Each unit consists of one flow-through common share and one-half common share purchase warrant. Each full warrant entitles the holder to purchase one common share at $0.07 for a period of 24 months from the closing date. The securities carry a hold period of four months and one day. In connection with the transaction, finder's fees of $6,938.40 and 198,240 agent warrants were issued.

Beauce Gold Fields Inc. (BGF) raised $232,715 in a highly dilutive financing that adds approximately 4.8% to the outstanding share count. The placement price of $0.035 aligns with the stock's 52-week low, reflecting weak market appetite and a lack of premium valuation.

The proceeds are minimal relative to the company's ongoing cash burn and exploration budget requirements. This transaction follows a rapid succession of financings: $800k on Jul 7, $600k on Aug 20, $525k on Sep 18, and $168k on Oct 2, indicating persistent and urgent capital needs. Given the explicit going concern warning in the latest MD&A, the financing serves as a survival measure rather than a strategic growth catalyst, failing to materially alter the exploration-stage risk profile or mitigate the immediate liquidity crunch.

Beauce Gold Fields Inc. (BGF) is an exploration-stage company focused on gold and phosphate assets in Southern Quebec, Canada. Its flagship Saint-Simon-les-Mines paleoplacer channel is a historically significant gold district. Updated exploration target estimates for the site range from 4.0 to 6.0 million cubic metres grading 2.02 to 12.0 g Au/m³. The target remains conceptual with insufficient exploration to define a mineral resource.

The company’s secondary Grondin Zone, located within the Saddle Reef antiform, has demonstrated an 88% drill-hole hit ratio and high-grade intercepts up to 11.4 g/t Au. In its phosphate initiative, Beauce Gold Fields holds the CH-98 and newly acquired France properties, which have shown promising P₂O₅ assays up to 8.07% and successful metallurgical flotation tests yielding 38.9% concentrate grade and 93.4% recovery. The company is currently in the grassroots exploration stage, with no production, no revenue, and no defined mineral resources.