Beauce Gold Fields Closing A Non-Brokered Private Placement

Executive Summary

• Beauce Gold Fields closed a non‑brokered private placement of 19,132,600 units at $0.04 per unit, generating gross proceeds of $765,304.
• Each unit consists of one common share and one warrant to purchase an additional common share at $0.10 for 24 months; the securities are subject to a four‑month + one‑day hold period.
• Proceeds will be used primarily to finance exploration of gold and phosphate properties and for general corporate purposes, with a maximum of 10% permitted for investor‑relations activities.

Key Details

• Placement Size & Pricing – 19,132,600 units @ $0.04 per unit = $765,304 gross proceeds.
• Subscription Breakdown – Existing shareholders contributed $376,304; accredited investors subscribed the remaining $389,000.
• Unit Composition – 1 common share + 1 common‑share purchase warrant (exercise price $0.10, exercisable for 24 months).
• Hold Period – All securities issued are subject to a four‑month + one‑day hold period under Canadian securities law.
• Finder’s Fees & Agent Warrants
• Canaccord Genuity Corp.: $800 fee + issuance of 16,000 warrants (exercise price $0.10, 24‑month term).
• EMD Financial Inc.: $51,300 fee + issuance of 1,026,000 warrants (exercise price $0.10, 24‑month term).
• Use of Proceeds – Minimum and maximum proceeds will fund:
• Exploration activities on gold and phosphate projects.
• General working capital.
• No more than 10% may be allocated to investor‑relations activities; none is earmarked for payments to non‑arm’s‑length parties or IR personnel.
• Regulatory Conditions – Placement subject to standard approvals, including TSX Venture Exchange acceptance.

Notable Quotes

• “The proceeds of the placement will be used to finance exploration and for general corporate purposes,” – Patrick Levasseur, President & CEO.