Beauce Gold Fields Closing a Non-Brokered Flow-Through Private Placement

Executive Summary

• Beauce Gold Fields closed a non‑brokered flow‑through private placement of 9,999,622 units at $0.045 per unit, generating gross proceeds of $449,983.
• Each unit consists of one common share and one warrant to purchase an additional common share at $0.12 for up to 24 months; the placement is subject to a four‑month + one‑day hold period.
• Proceeds will be used primarily for exploration of the Company’s gold and phosphate properties, with no more than 10% allocated to investor‑relations activities.

Key Details

• Units sold: 9,999,622 at $0.045 per unit → Gross proceeds: $449,983.00
• Unit composition: 1 common share + 1 common share purchase warrant (exercise price $0.12, exercisable for 24 months).
• Hold period: Four months and one day on all securities issued in the placement, per Canadian securities law.
• Finder’s fee: $40,048.30 payable to EMD Financial Inc. (Montreal, QC).
• Additional warrants to agent: 711,970 warrants issued to EMD Financial Inc., each allowing purchase of one common share at $0.12 for 24 months; subject to the same hold period.
• Use of proceeds: Exploration of gold and phosphate projects; ≤10% may be used for investor‑relations activities; no funds directed to non‑arm’s‑length parties or IR personnel.
• Regulatory approvals: Placement pending standard approvals, including TSX Venture Exchange acceptance.

Notable Quotes

• “The Company will use the proceeds from the private placement for exploration of its gold and phosphate properties.” – Patrick Levasseur, President & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the company’s filings.