Ashley Gold Corp. (TSE:ASHL) has released an update.
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Ashley Gold Corp. has launched a non-brokered private placement to raise $150,000 for exploration activities on their Howie and Burnthut properties. The financing terms include up to 1.5 million units at $0.10 each, with each unit comprising a Flow-Through common share and a half warrant, exercisable at $0.16 within 36 months. Proceeds from the offering will be used to fund drilling at Burnthut and an IP survey at Howie, with the possibility of an accelerated warrant expiry if share prices increase significantly.
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