Correction on Ashley Gold Financing
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
CALGARY, ALBERTA
October 28, 2024
Correction on Ashley Gold Financing
Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) issues a correction in the Financing announced October
23, 2024. Non-Flow Through Units will be offered at $0.045 with Flow-through Unit terms are unchanged.
FINANCING TERMS AND USE OF PROCEEDS
The Company announces a non-brokered private placement financing (the “ Offering”) for aggregate proceeds of
up to $300,000 (CDN) to advance exploration on Ashley’s Ontario gold properties.
The Offering includes a flow-through component (the “ Flow-Through Component ”) and a non-flow through
component (“Non-Flow Through Component ”). The Offering consists of a combination of flow-through units
(the “Flow-Through Units”) and non-flow through units (the “Non-Flow Through Units”), at a price of $0.05 per
Flow-Through Unit and $0.045 per Non-Flow Through Unit, for gross proceeds of up to $300,000. Each Flow-
Through Unit is comprised of one flow-through common share and one-half of one non-flow through share purchase
warrant. Each full warrant is exercisable for one non-flow through common share, at an exercise price of $0.075
for a term of 24 months after the closing (“Closing Date”). The Non-Flow Through Unit is comprised one common
share and one warrant, with each warrant exercisable for one common share at an exercise price of $0.075 for a
term of 24 months after the Closing Date. Management of the Company reserves the right to amend the final
allocation of the Flow-Through Component and the Non-Flow Through Component under the Offering. The
Company may close in one or more tranches.
In connection with the issue and sale of the Flow-Through Units and Non-Flow Through 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 gross proceeds from the sale of the Flow-Through Shares will be used to incur eligible Canadian Exploration
Expenses (“CEE”) for the Company’s Howie and Burnthut Projects. More details will be released shortly regarding
the planned program. The Company will renounce CEE effective on or before December 31, 2024. The proceeds
raised from the Non-Flow Through Units will also be used for exploration work and for general working capital
purposes.
THE EXISTING SHAREHOLDER EXEMPTION AND INVESTMENT DEALER EXEMPTION
The Offering will be made available to existing shareholders of the Company who, as of the close of business on
October 23, 2024, held common shares of the Company (and who continue to hold such common shares as of the
closing date), pursuant to the prospectus exemption set out in B.C. Instrument 45-534 -- Exemption From Prospectus
Requirement for Certain Trades to Existing Security Holders and in similar instruments in other jurisdictions in
Canada. The existing shareholder exemption limits a shareholder to a maximum investment of $15,000 in a 12-
month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the
shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as
an investment dealer in the jurisdiction. If the Company receives subscriptions from investors relying on the existing
shareholder exemption exceeding the maximum amount of the financing, the Company intends to adjust the
subscriptions received on a pro rata basis.
The Company has also made the Offering available to certain subscribers pursuant to B.C. Instrument 45-536 -
Exemption Form Prospectus Requirement for Certain Distributions Through an Investment Dealer. In accordance
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
with the requirements of the investment dealer exemption, the Company confirms that there is no material fact or
material change about the Company that has not been generally disclosed.
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.
About Ashley Gold
Ashley Gold is focused on creating substantive, long-term value for its shareholders through the discovery and
development of world class gold deposits. Ashley has acquired, 100% of the Tabor Lake Lease subject to a 1.5%
royalty, 100% of the Santa Maria Project subject to a 1.75% royalty, 100% interest in the Howie Lake Project
subject to a 0.5% royalty, 100% interest in the Alto-Gardnar Project subject to a 0.5% royalty, 100% interest in the
Burnthut Property subject to a 1.5% NSR, and an option to earn 100% of the Sakoose claims subject to a 1.5% NSR.
Ashley Gold Corp. is an early-stage natural resource company engaged primarily in the acquisition, exploration,
and development of mineral projects. The Corporation’s objective is to conduct efficient and economical
exploration on its growing portfolio of high-quality gold projects.
The responsibility of this release lies with Mr. Darcy Christian, President and CEO • +1 (587) 777-9072 •
[email protected] , may be contacted for further information. www.ashleygoldcorp.com
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts
responsibility for the adequacy or accuracy of this release.
DISCLAIMER & 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.
Factors which cause results to differ materially are set out in the Company’s documents filed on SEDAR. Undue
reliance should not be placed on “forward looking statements”.