Ashley Gold Corp. Closes Private Placement, 2026 Q1 Plans Funded
Executive Summary
- Ashley Gold Corp. closed the final tranche of its previously announced private placement, bringing total gross proceeds to $506,861.51.
- The final tranche consisted of 1,586,200 FT units at $0.095 and 1,212,166 NFT units at $0.075, each paired with 2‑year half‑warrants.
- Proceeds will fund eligible exploration expenses (flow‑through portion) and hard‑dollar exploration and corporate G&A costs (non‑flow‑through portion), enabling a second ~550 m drill program on the Howie project.
Key Details
- Financing Structure
- Total offering size: up to C$530,000.
- First tranche (closed Nov 27, 2025): $265,260.06 – 1,578,922 FT units @ $0.095 (gross $149,997.59) and 1,536,833 NFT units @ $0.075 (gross $115,262.47); management contributed $78,750.
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Final tranche (closed Dec 16, 2025): $214,601.45 – 1,586,200 FT units @ $0.095 (gross $150,689.00) and 1,212,166 NFT units @ $0.075 (gross $90,912.45).
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Pricing & Warrants
- FT Units: each unit = 1 common share + ½ warrant; full warrant exercisable for one non‑flow‑through share at $0.15, 24‑month term.
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NFT Units: each unit = 1 common share + ½ warrant; full warrant exercisable at $0.12, 24‑month term.
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Finder’s Compensation
- Finder’s fees paid: $8,109.72.
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Issuance of 87,816 non‑transferable finder’s warrants (exercise price C$0.075, 24‑month term).
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Use of Proceeds
- Flow‑through portion to be used for eligible exploration expenses (including drilling) and will be renounced by Dec 31, 2025.
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Hard‑dollar proceeds allocated to additional exploration costs and corporate G&A.
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Operational Impact
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Company now fully funded for a second drill program (~550 m) on the Howie project, with core logging to commence shortly.
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Correction Notice
- Original Nov 27 press release misstated total first‑tranche proceeds ($265,237.56). Correct amount is $265,260.06; unit counts unchanged.
Notable Quotes
“Ashley is now funded for a second drill program of similar scale to the Howie Program (~550m)… This has been the largest equity raise completed since the company IPOed… We are very grateful for the growing support and interest provided by investors in our mission to discover gold in the Dryden area.” – President Noah Komavli
All forward‑looking statements are subject to risks and uncertainties as described in the company's filings.