Ashley Gold Corp. Announces Private Placement of Shares and Warrants
Ashley Gold Corp. (ASHL.CN) disclosed that it has completed a private placement of new shares and warrants on the Canadian Securities Exchange. The initial tranche, closed on 19 October 2026, comprised nearly 19 million units, including flow‑through and non‑flow‑through shares. Proceeds will be used for qualified Canadian exploration activities in Ontario and other company properties, with the remainder allocated to working capital and marketing.
The offering has been expanded to allow additional tranches up to a total of approximately 2.3 million Canadian dollars. Fees were paid to finders and a corporate finance advisor, and the issuance includes warrants exercisable for an additional share of common stock. Shares will carry a holding period until February 2027, and the transaction is not expected to alter control of the issuer.
Current Trading Statistics
| Metric | Value |
|---|---|
| Last 24‑hour change | Flat 0 % |
| Current price | CAD 0.07 |
| Shares outstanding | 101.6 million |
| Market capitalization | CAD 7.1 million |
| 24‑hour trading volume | CAD 23.1 k |
| Since last month‑end | Up 16.67 % |
| 200‑day SMA | CAD 0.06 |
| 52‑week high | CAD 0.13 (25 Sept 2026) |
| 52‑week low | CAD 0.04 (30 July 2026) |
Recent Performance of Related Stocks
| Company | Ticker | 24‑hour change | Current price | Market cap |
|---|---|---|---|---|
| Grizzly Discoveries | GZD.V | Down 25 % | CAD 0.03 | CAD 8.4 million |
| Destiny Media | DSY.V | Flat 0 % | CAD 0.88 | CAD 8.5 million |
| Reeflex | RFX.V | Down 2.78 % | CAD 0.18 | CAD 8.4 million |
| Blast Resources | BLST.CN | Up 9.62 % | CAD 0.28 | CAD 8.5 million |
| Dynasty Gold | DYG.V | Up 4.55 % | CAD 0.12 | CAD 8.5 million |
Blast Resources Update: Blast Resources Inc. reported new exploration results from its Wales Lake project in the Athabasca Basin. Aeromagnetic surveys and geophysical data indicate several targets, including a high‑grade uranium site at Fox Lake. Management highlighted the strategic importance of structural trends and a potential fold axis that could enhance resource potential.
Company Background
Ashley Gold Corp. is a mining company incorporated in Canada. Its primary listing is on the Canadian National Stock Exchange. The company focuses on exploration and development of mineral properties across Canada.
