Ashley Gold Corp. announced a non-brokered private placement financing of 10,000,000 units at an issue price of CAD 0.075 per unit for the gross proceeds of CAD 750,000 on June 24, 2024. Each Unit is comprised of one common share and one common share purchase warrant, with each full Warrant exercisable at an exercise price of CAD 0.12 for a term of 36 months after the closing.

In connection with the issue and sale of the Units under the Offering, 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, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.