Financings

Bayridge Announces Non-Brokered Private Placement

By The Northwire Desk — AI Analysis Dec 16, 2025 · 06:01 BYRG · 0.275 Bayridge Resources Corp.

BYRG · Price

Bayridge Resources Corp. announced a non‑brokered private placement to raise up to $830,000 in gross proceeds.
The offering consists of two unit types: up to 2 million flow‑through (FT) units at $0.25 each and up to 1.65 million non‑flow‑through (NFT) units at $0.20 each.
Proceeds will be used to advance mineral projects, cover general working capital, corporate purposes, and for Canadian exploration expenses under the Income Tax Act.

FT Units:
Quantity: up to 2,000,000 units
Price: $0.25 per unit
Composition: one flow‑through common share + ½ FT warrant (full warrant exercisable at $0.40 for 24 months)
NFT Units:
Quantity: up to 1,650,000 units
Price: $0.20 per unit
Composition: one non‑flow‑through common share + ½ warrant (full warrant exercisable at $0.35 for 24 months)
Total Gross Proceeds: Up to $830,000.
Use of Proceeds:
Advance Bayridge’s uranium and green‑energy mineral projects.
General working capital and corporate purposes, including investor relations.
FT unit proceeds specifically earmarked for “Canadian exploration expenses” under the Income Tax Act.
Closing Conditions & Hold Period:
Offering subject to customary closing conditions.
Securities will be subject to a statutory hold period of four months and one day.
Finder Compensation:
Persons acting as finders may receive 7 % cash plus 7 % finder’s fees in accordance with CSE rules.
Company Overview (brief): Bayridge focuses on Canadian uranium projects, notably the 51 % owned Baker Lake Uranium Project and a 40 % interest in the Waterbury East project near the Cigar Lake Mine.

(No direct quotes were provided in the release.)

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