Beauce Gold Fields To Proceed With A $450,000 Flow-Through Private Placement

Executive Summary

• Beauce Gold Fields announced a non‑brokered private placement of 10 million flow‑through units at $0.045 per unit, targeting gross proceeds of $450,000.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.12, with warrants exercisable for 24 months after closing.
• Proceeds are earmarked exclusively for financing exploration on the Company’s gold properties.

Key Details

• Placement Size: 10,000,000 flow‑through units
• Price per Unit: $0.045
• Gross Proceeds Target: $450,000
• Unit Composition:
• 1 common share
• 1 common share purchase warrant (exercise price $0.12, exercisable for 24 months post‑closing)
• Holding Period: Mandatory 4 months + 1 day from closing for each issued share.
• Investor Eligibility: Accredited investors only, in accordance with applicable securities laws.
• Use of Proceeds: 100% allocated to exploration activities on Beauce Gold Fields’ gold properties; up to 10% may be used for investor‑relations activities (no funds directed to non‑arm’s‑length parties).
• Regulatory Conditions: Placement subject to receipt of all required regulatory approvals, including TSX Venture Exchange approval.
• Finder’s Fees: May be paid as permitted by exchange policies.
• Contact for Participation: Patrick Levasseur, President & CEO – Tel: 514‑262‑9239; Email: [email protected]

Notable Quotes

(No direct quotes were provided in the release.)