Beauce GOLD Fields: Private Placement Offer FOR Existing Shareholders
April 29, 2024, Montreal, Quebec, Canada Symbol: TSX.V: BGF
News release – for immediate distribution Shares Outstanding: 82,780,543
BEAUCE GOLD FIELDS: PRIVATE PLACEMENT OFFER FOR EXISTING SHAREHOLDERS
Beauce Gold Fields (Champs D’Or en Beauce) (TSX Venture: "BGF"), also known as "BGF" or the
"Company," is pleased to announce that it is offering a non-brokered private placement to
existing shareholders as well as to Accredited investors.
Patrick Levasseur, President and CEO of Beauce Gold Fields, states, "This offering is an
opportunity for all shareholders to participate in the recent discovery of mineralized antiform
structures identified as the source of the historic placer gold deposits which show great promise
for further lode gold discoveries."
Image: Gold Transportation Flow from Anti Form Structures to Placer Channel
Private Placement Offer for Existing Shareholders and Accredited Investors
BGF is offering a non-broker private placement of a minimum of 2,000,000 units and a maximum
of 10,000,000 units of the company at $0.04 per unit for a minimum gross proceed of $80,000
and a maximum gross proceed of $400,000, subject to the receipt of all applicable regulatory
approvals. Each unit is comprised of one (1) common share and one (1) common share purchase
warrant of the Company. Each warrant will allow to the holder thereof to purchase one common
share of the company's share capital at an exercise price of $0.08 for a period of 24 months
following the closing date of the placement. Each share issued under the placement will have a
mandatory holding period of four (4) months and one (1) day from the closing date of the
placement.
The offer is open to the following groups of investors in accordance with applicable laws:
• Existing shareholders distribution Regulation 45-513
• Accredited investors Regulation 45-106
Investors interested in participating in the private placement should contact Patrick Levasseur,
President and CEO of Beauce Gold Fields, at 514-262-9239 or via email at
Additional Information for Existing Shareholders
The placement will be open for participation by existing shareholders of Beauce Gold Fields as of
the record-closing date of April 26, 2024, who wish to participate in the placement based on the
existing shareholder exemption offered under Canadian securities laws. The total acquisition cost
for an existing shareholder under the existing shareholder exemption cannot exceed $15,000
during the 12 months preceding the placement's closing date, unless that existing shareholder
has received advice from a registered investment dealer within the shareholder's jurisdiction.
The minimum subscription amount for existing shareholders taking advantage of the existing
shareholder exemption is $8,000.
If subscriptions received from existing shareholders exceed the proposed maximum of
10,000,000 units, the shares so subscribed will be distributed on a pro-rata basis among all
subscribing shareholders benefiting from the existing shareholder exemption, proportional to
the number of shares each subscriber has applied for in the offer. If the subscriptions received
from existing shareholders are less than the maximum of 10,000,000 available units, the balance
will be offered to Accredited Investors.
The Company will use the minimum proceeds as well as the maximum proceeds from the private
placement for general working capital and for exploration of its gold and phosphate properties.
The placement may be closed no later than May 27, 2024 in one or more tranches upon receipt
of subscriptions.
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.
This announcement should not be distributed to United States news wire services nor
disseminated in the United States. This press release does not constitute an offer to sell or the
solicitation of an offer to buy, and there shall not be any sale of these securities in any United
States where such offer, solicitation or sale would be illegal.
About the Grondin Gold Zone
The Grondin Zone is located in the northwest corner of the Beauce Gold property located in
Beauceville and in Saint-Simon-les-Mines, Quebec. The 2023 exploration initiatives at
the Grondin Zone, comprising both bulk processing and drilling, (BGF press releases, November
1 2023 and January 18 2024) revealed that the Grondin zone extends over 40 meters deep
vertically and remains open at depth, with a mineralized structure stretching more than 300
meters in length. This zone is intrinsically linked to an antiform fold axis that spans several
kilometers, suggesting that other gold showings may be present along the antiform fold and
elsewhere on the Beauce Gold property indicating a significant potential for lode gold discoveries
from this gold structure.
A positive correlation applies to silver and the pathfinder elements that were identified in the
Grondin mineralized antiform structure with those found in the basal till and the saprolite of the
placer gold channel of the Gilbert River valley. (press release January 18, 2024) This correlation
is corroborating evidence that these antiform systems could have contributed to the
development of the extensive auriferous placers in Beauce.
It also supports the hypothesis 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.
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 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