Ashley Gold Corp. announced a non-brokered private placement of up to 1,500,000 units at a price of CAD 0.10 per unit for the gross proceeds of CAD 150,000 on May 8, 2024. Each unit is comprised of one flow-through common share and one-half of one non-flow through common share purchase warrant, with each full Warrant exercisable at an exercise price of CAD 0.16 for a term of 36 months after the closing.

the company may pay finder fees and finder warrants to eligible finders at the discretion of the board of directors. The offering is subject to all necessary regulatory approvals including acceptance from the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a four-month hold period from the closing date under applicable Canadian securities laws.