Ashley Gold closes final tranche of financing

Executive Summary

• Ashley Gold Corp. closed the final tranche of its private placement, bringing total gross proceeds to $506,861.51 (up from $265,260.06 in the first tranche).
• The financing consisted of flow‑through (FT) and non‑flow‑through (NFT) units priced at 9.5¢ and 7.5¢ respectively, each accompanied by two‑year half‑warrants (full warrants exercisable at 15¢ for FT and 12¢ for NFT).
• Proceeds will fund eligible exploration expenses (including a ~550 m drill program on the Howie project) and corporate G&A costs; flow‑through funds will be renounced by Dec. 31 2025.

Key Details

• Total Gross Proceeds: $506,861.51
• First Tranche (Nov 27 2025): $265,260.06
• 1,578,922 FT units @ 9.5¢ → $149,997.59
• 1,536,833 NFT units @ 7.5¢ → $115,262.47
• Management contribution: $78,750
• Final Tranche (Closed Dec 2025): $214,601.45
• 1,586,200 FT units @ 9.5¢ → $150,689.00
• 1,212,166 NFT units @ 7.5¢ → $90,912.45
• Unit Structure:
• Each unit = 1 common share + ½ warrant (full warrant exercisable for 1 additional share).
• FT warrants: exercise price 15¢, term 24 months.
• NFT warrants: exercise price 12¢, term 24 months.
• Finders’ Fees & Warrants: $8,109.72 paid; issuance of 87,816 non‑transferable finders’ warrants (exercise at 7.5¢, 24‑month term).
• Statutory Hold Period: Shares, warrants and finders’ warrants subject to a hold period of four months + one day from issuance.
• Use of Proceeds:
• Flow‑through funds → eligible exploration expenses (drilling at permitted projects), to be renounced by Dec 31 2025.
• Hard‑dollar proceeds → additional exploration costs and corporate G&A.
• Operational Update: Completion of Howie drilling; core logging commencing; second drill program (~550 m) planned for the coming year.

Notable Quotes

“With Howie drilling concluded and core logging commencing shortly, I look forward to providing the markets with additional updates… This has been the largest equity raise completed since the company IPOed…” – President Noah Komavli

All boilerplate, safe‑harbor language, and corporate background have been omitted for brevity.