Ashley Gold closes second tranche of financing

Executive Summary

• Ashley Gold Corp. has closed the second tranche of its private placement, bringing total gross proceeds to $286,890.
• The company states that its exploration budget is now fully funded, with Phase 1 work completed on budget and a Phase 2 update expected shortly.
• The second tranche consisted of 3 million flow-through units priced at $0.05 per unit, including warrants exercisable at $0.12.

Key Details

• Total Gross Proceeds: $286,890 (comprising $136,890 from the first tranche announced on July 29, 2025, and $150,000 from the second tranche).
• Second Tranche Structure: Issuance of 3,000,000 flow-through (FT) units.
• Unit Price: $0.05 per FT unit.
• Unit Composition: Each FT unit consists of one flow-through common share and one-half of a non-flow-through common share purchase warrant.
• Warrant Terms: Each warrant is exercisable to purchase one non-flow-through common share at an exercise price of $0.12. Warrants are valid for two years from the date of issue.
• Use of Proceeds: To incur Canadian exploration expenses as defined in the Income Tax Act (Canada).
• Finders' Fees: $15,000 in cash plus 300,000 broker warrants paid to arm's-length parties.
• Hold Periods: Securities are subject to a statutory hold period of four months plus one day from the date of issuance under Canadian securities laws.
• Regulatory Status: Offering subject to necessary regulatory approvals, including acceptance from the Canadian Securities Exchange.

Notable Quotes

• "With our exploration budget now fully funded, our team is finalizing next steps. Phase 1 work was completed earlier this week on budget and we will issue an update shortly to keep our shareholders informed," stated President Noah Komavli.