Ashley Gold Corp. announced non-brokered private placement to issue 3,000,000 units at an issue price of CAD 0.05 per Unit for gross proceeds of up to CAD 150,000 on February 20, 2024. Each Unit is comprised of one common share and one-half of one common share purchase warrant, with each full Warrant exercisable at an exercise price of CAD 0.07 for a term of 24 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.