Ashley Gold Corp Announces Closing Of Life Hard Dollar And Charity Flow Through Financings, Funding Diamond Drill Program

Executive Summary

• Ashley Gold Corp. closed two financing rounds, raising total gross proceeds of $807,565 (CFT $500,005 + NFT $307,560).
• Units were priced at $0.11 (charity flow‑through) and $0.08 (non‑flow‑through), each carrying a 3‑year ½‑share warrant exercisable at $0.12.
• Proceeds will fund 2D IP survey completion, 3D inversion processing, trail clearing, pad building, and an initial drill program of up to 2,000 m in ten holes on the Tak Patents.

Key Details

• Financing Structure
• Charity Flow‑Through (CFT) financing: 4,545,500 Units @ $0.11 per Unit → $500,005 gross proceeds; includes a 3‑year ½‑share warrant at $0.12.
• Non‑Flow‑Through (NFT) financing: 3,844,500 Units @ $0.08 per Unit → $307,560 gross proceeds; includes a 3‑year ½‑share warrant at $0.12.
• Total Units issued in the offering: 8,390,000 Units plus 671,200 Broker Warrants (deemed price $0.08) and 325,000 Advisor Shares (deemed price $0.08) subject to a 4‑month + 1‑day hold period.
• Related Party Purchases
• 2676467 Alberta Ltd. (controlled by Director/CEO Darcy Christian): 486,750 Units for $37,500.
• Noah Komavli (President & Director): 312,500 Units for $25,000.
• 1000903966 Ontario Inc. (controlled by President Komavli): 968,750 Units for $77,500.
• These transactions are exempt from formal valuation/minority approval under MI 61‑101.
• Use of Proceeds
• Completion of 2D IP survey and line cutting over patented claims; commencement of 3D inversion processing.
• Trail clearing and pad building – contract awarded to Perron Contracting.
• Initiation of a starter drill program: up to 2,000 m across ten holes; equipment mobilization by 518 Drilling Ltd. during the week of March 23, 2026.
• General working capital and further exploration on Ontario and British Columbia gold properties.
• Charity flow‑through funds to be renounced by December 31, 2026, earmarked for drilling on the Tak Patents.
• Advisory & Brokerage Fees
• Advisor (Research Capital Corporation) fee: $25,000 plus issuance of 325,000 Advisor Shares.
• Brokerage commissions paid: $53,696.
• Post‑Financing Share Count
• After the raise, total issued common shares will be 83,844,873.
• Management Commentary
• President Noah Komavli highlighted that the back‑to‑back financings “raise the bar” in proceeds and enable meaningful exploration results, with field work expected to begin mid/late March.

Notable Quotes

“We welcome new shareholders … This is a testament to the quality of projects assembled and management’s approach to disciplined capital allocation, as well as sector tailwinds.” – Noah Komavli, President

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