Ashley GOLD Corp Announces Closing of Life Hard Dollar and Charity Flow Through Financings, Funding Diamond Drill Program
FOR
IMMEDIATE
RELEASE
ASHLEY
GOLD
CORP
ANNOUNCES
CLOSING
OF
LIFE
HARD
DOLLAR
AND
CHARITY
FLOW
THROUGH
FINANCINGS,
FUNDING
DIAMOND
DRILL
PROGRAM
Calgary,
Alberta
–
March
11,
2026
–
Ashley
Gold
Corp.
(CSE:
ASHL)
(“Ashley”
or
the
“Company”)
announces
that
the
Company
has
closed
its
previously
announced
financings,
raising
gross
proceeds
of
$807,565.
Highlights:
-
$500,005
from
charity
flow-through
financing
(“
CFT
”),
with
Units
priced
at
$0.11
with
a
3
year
1/2
warrant
at
$0.12,
for
4,545,500
Units.
-
$307,560
from
the
non
flow-through
financing
(“
NFT
”),
with
Units
priced
at
$0.08
with
a
3
year
1/2
warrant
at
$0.12,
for
3,844,500
Units.
-
After
giving
effect
to
the
capital
raise,
the
company
will
have
83,844,873
issued
common
shares.
Updates
&
Use
of
Proceeds:
-
2D
IP
survey
and
line
cutting
complete
over
the
patented
claims,
3D
inversion
processing
to
commence.
-
Trail
clearing
and
pad
building
work
to
commence,
Perron
Contracting
engaged.
-
Starter
program
of
up
to
2,000m
in
10
holes.
518
Drilling
Ltd.
will
move
equipment
to
site
during
the
week
of
March
23,
2026,
and
can
park
the
drill
and
necessary
equipment
on
the
Tak
for
a
follow
up
program.
President
Noah
Komavli;
“We
welcome
new
shareholders
to
our
company,
and
look
forward
to
sharing
updates
shortly.
In
the
Company’s
history,
we
have
now
executed
two
back-to-back
financings
that
have
both
raised
the
bar
in
terms
of
maximum
proceeds
raised.
This
is
a
testament
to
the
quality
of
projects
assembled
and
management’s
approach
to
disciplined
capital
allocation,
as
well
as
sector
tailwinds.
With
pending
data
compilation
from
the
3D
IP
survey,
as
well
as
pending
diamond
drill
crew
mobilization,
this
capital
raise
will
allow
Ashley
to
gather
meaningful
results.
We
expect
equipment
to
be
on
our
ground
by
mid/late
March,
with
the
drill
program
commencing
towards
the
end
of
the
month.
At
this
time,
pad
building
and
trail
clearing
will
kick
off
-
a
key
step
to
ensuring
access
is
ready
for
this
season
and
beyond.
Management
is
further
aligned
with
shareholders,
with
Darcy
and
I
participating
for
gross
proceeds
of
$140,000.”
Financing
Terms
and
Use
of
Proceeds
The
Units
were
offered
for
sale
pursuant
to
the
Listed
Issuer
Financing
Exemption
under
Part
5A
of
National
Instrument
45-106
-
Prospectus
Exemptions
("
NI
45-106
").
As
amended
by
Coordinated
Blanket
Order
45-935
-
Exemptions
from
Certain
Conditions
of
the
Listed
Issuer
Financing
Exemption
and
Section
2.3
of
the
Offering
was
made
in
all
provinces
of
Canada
(except
Quebec)
and
other
qualifying
jurisdictions,
including
the
United
States.
The
Units
offered
under
the
Listed
Issuer
Financing
Exemption
will
be
immediately
"free-trading"
under
applicable
Canadian
securities
laws.
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072| ashleygoldcorp.com
-
2
-
The
offering
document
(the
"
Offering
Document
")
related
to
this
Offering
can
be
accessed
under
the
Company's
profile
at
www.sedarplus.ca
and
at
the
Company's
website.
In
connection
with
the
Offering,
the
Company
entered
into
an
Advisory
Agreement
with
Research
Capital
Corporation
(the
"
Advisor
"),
pursuant
to
which
the
Advisor
provided
financial
advisory,
consulting,
and
support
services
in
connection
with
the
Offering
(the
"
Advisory
Services
").
In
consideration
for
the
Advisory
Services,
the
Company
will
pay
the
Advisor
a
work
fee
equal
to
$25,000
(the
"
Fee
")
and
issue
325,000
advisor
shares
(the
"
Advisor
Shares
")
at
a
deemed
price
of
$0.08
per
Advisor
Share.
The
Advisor
Shares
will
be
subject
to
a
four
month
and
one
day
hold
period
in
accordance
with
Canadian
securities
laws.
In
connection
with
the
Offering,
commissions
of
$53,696
will
be
paid.
A
total
of
671,200
Broker
Warrants
will
be
issued
at
a
deemed
price
of
$0.08.
The
Finder
Warrants
and
the
Advisor
Shares
are
subject
to
a
four
month
and
a
day
hold
period
pursuant
to
applicable
Canadian
Securities
Laws.
The
proceeds
will
be
used
to
advance
exploration
on
Ashley’s
Ontario
and
British
Columbia
gold
properties,
as
well
as
for
general
working
capital.
Charity
flow
through
funds
will
be
renounced
by
December
31,
2026
and
are
expected
to
be
used
for
drilling
on
the
Tak
Patents.
Related
Party
Disclosure
2676467
Alberta
Ltd.,
under
the
control
of
Mr.
Darcy
Christian,
director
and
CEO
of
the
Company,
purchased
486,750
Units
at
a
cost
of
$37,500.
Mr.
Noah
Komavli,
director
and
President
of
the
Company,
purchased
312,500
Units
at
a
cost
of
$25,000.
1000903966
Ontario
Inc.,
a
company
under
the
control
and
direction
of
Mr.
Komavli,
purchased
968,750
Units
at
a
cost
of
$77,500.
These
participations
constitute
a
related
party
transaction
under
Multilateral
Instrument
61-101
-
Protection
of
Minority
Security
Holders
in
Special
Transactions
("
MI
61-101
")
which
would
normally
be
subject
to
formal
valuation
and
minority
shareholder
approval
requirements
but
is
exempt
pursuant
to
subsections
5.5(a)
and
5.7(a)
of
MI
61-101
as
the
value
of
these
purchases
does
not
exceed
25%
of
the
Company's
market
capitalization.
About
Ashley
Gold
Corp.
Ashley
Gold
Corp.
is
a
Canadian
mineral
exploration
company
focused
on
acquiring
and
developing
highly
prospective
gold
and
polymetallic
deposits
in
Canada’s
top
mining
regions.
The
Company’s
flagship
assets
are
in
the
Dryden
Area
in
Ontario
with
a
100%
ownership
in
Santa-Maria,
Burnthut
(and
the
Tak
Patents),
Howie,
Alto-Gardnar
claims
as
well
as
in
British
Columbia
with
the
Icefield
Portfolio
having
two
highly
prospective
claim
packages.
For
more
information,
please
refer
to
the
Company’s
information
available
on
SEDAR+
(
www.sedarplus.ca
),
or
visit
us
at
www.ashleygoldcorp.com
.
Contact
Information
On
behalf
of
the
Board
of
Directors,
Noah
J.
Komavli,
P.Eng,
President,
Director
C:
(647)
567-9840
E:
X:
KKomavli
-or-
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072 | ashleygoldcorp.com
-
3
-
Darcy
Christian,
P.Geo,
CEO
C:
(587)
777-9072
E:
Connect
With
Ashley:
www.ashleygoldcorp.com
X:
https://x.com/AshleyGoldCorp
Forward-Looking
Statements
This
news
release
includes
certain
“forward-looking
statements”
which
are
not
comprised
of
historical
facts.
Forward-looking
statements
are
based
on
assumptions
and
address
future
events
and
conditions,
and
by
their
very
nature
involve
inherent
risks
and
uncertainties.
Although
these
statements
are
based
on
currently
available
information,
Ashley
Gold
Corp.
provides
no
assurance
that
actual
results
will
meet
management’s
expectations.
Project
timelines
are
highly
dependent
on
future
financing.
Factors
which
cause
results
to
differ
materially
are
set
out
in
the
Company’s
documents
filed
on
SEDAR+
(
www.sedarplus.ca
).
Undue
reliance
should
not
be
placed
on
“forward-looking
statements.”
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072 | ashleygoldcorp.com