Champs d'Or en Beauce Localise des Puits Miniers du Xixe Siecle A L'extremite est du Chenal Paleoplacer De Saint-Simon-Les-Mines
Beauce raised $600,000 at $0.03 per share to fund placer exploration amid cash constraints.
Beauce Gold Fields Inc. (TSX-V: BGF) announced the identification of 19th-century mine shafts on its Saint-Simon-les-Mines property, which spatially align with the historical gold exploitation zone of Lot 14 of the De Léry township. The company is advancing preparatory work for a seismic geophysical survey and plans future sonic drilling to define the geometry of the interpreted paleovalley, building on a June 2026 technical evaluation.
Concurrently, BGF announced a brokered private placement of 20,000,000 units at $0.03 per unit, raising gross proceeds of $600,000. Each unit consists of one common share and one common share purchase warrant. The warrant allows the purchase of one common share at $0.07 per share for 24 months from closing. Proceeds are designated for exploration and general working capital. Insiders are expected to subscribe for potentially over 25% of the placement. A mandatory 4-month-and-1-day hold period applies to the shares.
Beauce Gold Fields Inc. (BGF) released an exploration update regarding historical shafts, an expected incremental follow-up to the June 2026 exploration target revision and the July 2026 seismic survey commencement. The update validates the geological model but does not constitute a new discovery or resource definition.
The company also announced a $600,000 private placement at $0.03 per unit. This pricing represents a discount to the recent trading range of $0.04–$0.05 and signals management's urgency to raise capital amid tight liquidity. While the financing extends the company's cash runway marginally, it underscores the severe capital constraints highlighted by the explicit going concern warning in the Q3 2026 MD&A.
Beauce Gold Fields Inc. (BGF) is an exploration-stage company focused on gold and phosphate properties in Southern Quebec, Canada. Its flagship asset is the Beauce Gold Property, which encompasses the Grondin Zone, characterized as a Saddle Reef antiform lode gold deposit, and the Saint-Simon-les-Mines paleoplacer channel.
The Saint-Simon-les-Mines channel is a historical gold district with an updated conceptual exploration target of 4.0–6.0 million cubic metres grading 2.02–12.0 g Au/m³. No mineral resources have been defined for the property.
Additional projects include the Ditton Property, which features placers along the Bella Fault, and the France Phosphate Property, an apatite-rich anorthosite deposit. The company is in the grassroots exploration phase, relying on drilling, geophysics, and historical data integration to advance its targets.