BEAUCE GOLD FIELDS CLOSES A $150,000 FLOW-THROUGH PRIVATE PLACEMENT Beauce Gold Fields (Champs D’Or en Beauce) (TSX Venture: "BGF"), referred to as "BGF" or the "Company," is closing a non-brokered private placement of 4,285,714 flow-through shares at
December 30, 2024, Montreal, Quebec, Canada Symbol: TSX.V: BGF
News release – for immediate distribution Shares Outstanding: 93,841,257
BEAUCE GOLD FIELDS CLOSES A $150,000 FLOW-THROUGH PRIVATE PLACEMENT
Beauce Gold Fields (Champs D’Or en Beauce) (TSX Venture: "BGF"), referred to as "BGF" or the
"Company," is closing a non-brokered private placement of 4,285,714 flow-through shares at
$0.035 per share for gross proceeds of $150,000.
Each flow-through share issued under the placement is subject to a mandatory four-month-and-
one-day hold period, in accordance with applicable Canadian securities laws. The placement is
subject to standard regulatory approvals including the approval of the TSX Venture Exchange.
The proceeds of the placement will be used to finance exploration work.
No more than 10% of the proceeds of the placement can be used for Investor Relations Activities.
None amount of the proceeds of the placement is for payments to Non-Arm’s length parties of
the company nor for payments to persons conducting Investor Relations Activities.
In connection with the placement, the company will pay as finder's fees of $10,500.70 to Glores
Securities Inc of Stouffville, Ontario. The company will also issue 300,000 warrants to Glores
Securities Inc.. Those warrants will entitle the agent to purchase one common share of the capital
stock of the company at a price of $0.05 for a period of 24 months from the date of closing of the
placement. Each share issued on exercise of the warrants will have a mandatory four-month-
and-one-day hold period from the date of closing of the placement.
About Beauce Gold Fields
Beauce Gold Fields is focused on exploring and developing the largest placer gold district in
eastern North America. The Company’s objective is the trace old placer gold workings back to a
bedrock source to uncover economic lode gold deposits. The Company’s flagship property is the
St-Simon-les-Mines Gold project, site of Canada’s first gold rush that pre-dates the Yukon
Klondike. The Beauce region hosted some of the largest historical placer gold mines in Eastern
North America that were active from 1860s to the 1960s It produced some of the largest gold
nuggets in Canadian mining history (50oz to 71oz). (Source Sedar: 43-101 Report - Beauce July
4th 2018, , Author B. Violette)
Beauce Gold Fields is currently exploring recently discovered antiform systems that could have
contributed to the development of extensive auriferous placer deposits in Beauce. The
Company’s geological model suggests that placer gold within the Beauce Gold paleochannel,
including the renowned large nuggets from the 19th century, formed in stressed quartz pockets
within layered domed Axis of Antiforms, exemplified by Saddle Reef formations. Notable global
Saddle Reef formations include the Bendigo gold fields in Australia (over 60 million ounces) and
the high-grade Dufferin deposit in Nova Scotia.
Beauce Gold Fields website www.beaucegold.com
Disclaimers:
This press release contains certain forward-looking statements, including, without limitation,
statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate",
"intend", "expect", "in the process" and other similar expressions which constitute "forward-
looking information" within the meaning of applicable securities laws. Forward-looking
statements reflect the Company's current expectation and assumptions, and are subject to a
number of risks and uncertainties that could cause actual results to differ materially from those
anticipated. These forward-looking statements involve risks and uncertainties including, but not
limited to, our expectations regarding mineral exploration. Such statements reflect the current
views of the Company with respect to future events and are subject to certain risks and
uncertainties and other risks detailed from time-to-time in the Company's on-going filings with
the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results,
events, and performance may differ materially. Readers are cautioned not to place undue reliance
on these forward-looking statements. The Company undertakes no obligation to publicly update
or revise any forward-looking statements either as a result of new information, future events or
otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
For further information contact
Patrick Levasseur, President and CEO Tel: (514) 262-9239
www.beaucegold.com