Ashley Gold Corp. announced a private placement of up to 2,000,000 flow-through units at a price of CAD 0.075 per Flow-Through unit for gross proceeds of up to CAD 150,000 and up to 2,000,000 non-flow through units at a price of CAD 0.075 per Non Flow-Through unit for gross proceeds of up to CAD 150,000 for the aggregate gross proceeds of CAD 300,000 on November 21, 2023. Each Flow-Through unit is comprised of one flow-through common share and one non-flow through share purchase warrant.

Each full warrant is exercisable for one non-flow through common share at an exercise price of CAD 0.10 for a term of 24 months after the closing. Each Non Flow -Through unit is comprised one share and one non-flow through warrant, with each warrant exercisable for one common share at an exercise price of CAD 0.10 for a term of 24 months after the closing date. 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.