Mr. Saf Dhillon reports
BAYRIDGE ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT
Further to its news release dated Dec. 16, 2025, Bayridge Resources Corp. has closed its non-brokered private placement for gross proceeds of $567,500.
The private placement consisted of two parts:
- 1.83 million flow-through units were issued at a price of 25 cents per flow-through unit: Each flow-through unit consists of one flow-through common share and one-half of one common share purchase warrant, with each whole flow-through warrant exercisable at 40 cents to acquire one common share for a period of 24 months.
- 550,000 (non-flow-through) units were issued at a price of 20 cents per non-flow-through unit: Each non-flow-through unit consisting of one (non-flow-through) common share and one-half of one warrant, with each whole warrant exercisable at 35 cents to acquire one common share for a period of 24 months.
The company intends to use the proceeds of the private placement to advance its mineral projects and for general working capital and corporate purposes, including investor relations. The proceeds from the sale of the flow-through units will be used to incur Canadian exploration expenses within the meaning of the Income Tax Act (Canada).
In connection with the private placement, the company paid an aggregate of $35,000 in cash finders' fees and issued 143,500 finder warrants to certain arm's-length parties that assisted in introducing subscribers to the private placement.
The securities issued in connection with the private placement will be subject to a statutory hold period of four months and one day.
About Bayridge Resources Corp.
Bayridge Resources is a green energy company advancing its portfolio of Canadian uranium projects. The 51-per-cent-owned Baker Lake uranium project consists of 83 contiguous claims in the Kivalliq region of Nunavut, covering 619 square kilometres. Exploration has defined a 75-kilometre unconformity with multiple uranium targets, supported by modern drilling and airborne geophysical surveys. Bayridge has also earned a 40-per-cent interest in the 1,337-hectare Waterbury East project, which is located 25 kilometres northeast of the Cigar Lake mine in the northeastern Athabasca basin region. Geophysical surveys have identified a seven-kilometre-long conductivity corridor, where drilling in the mid-2000s highlighted faulted and altered basement rock with local uranium enrichment. Large sections of this corridor remain untested.
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