Mr. Noah Komavli reports
ASHLEY GOLD CORP. COMPLETES DISPOSITION OF TABOR-SAKOOSE, ADDS RETAINED SANTA-MARIA CLAIMS TO THE SALE, FOR TOTAL PROCEEDS OF $475K IN CASH AND STOCK
Ashley Gold Corp. has shared an update in regard to its balance sheet and strategic investments.
Highlights:
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Completed disposition of the Tabor-Sakoose, $300,000.00 in equity of Richmond Hill Resources (Alternative Investment Market: RRI);
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Expanded agreement to include the retained Santa-Maria claims.
President Noah Komavli: "Continued exposure to these projects through significant equity is a natural synergy with our current focus.
"On the Tabor-Sakoose, we have worked closely with the optionee to ensure a smooth transition, unlocking further value by divesting the retained Santa-Maria claims for $150,000 (included in headline value).
"I look forward to growing our AUM, a strategic nest egg and backstopper of value while delineation efforts occur in our portfolio. These efforts will showcase our disciplined approach to capital management, building off our debt-free position."
Sale of Santa-Maria
Previously, the Tabor-Sakoose transaction was structured as follows:
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$50,000 on signing, $50,000 on listing;
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$225,000 in equity of listed vehicle.
On the addition of the Santa-Maria claims, the following was added to the agreement:
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$75,000 in cash on listing;
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$75,000 in equity of a listed vehicle.
In aggregate the final deal is as follows:
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$175,000 in cash;
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$300,000 in equity.
The company is pleased to announce that all payments have been made and the shares have been issued as of Tuesday, April 28, 2028.
About Ashley Gold Corp.
Ashley Gold is a Canadian mineral exploration company focused on acquiring and developing highly prospective gold and polymetallic deposits in Canada's top mining regions. The company's flagship assets are in the Dryden area in Ontario with a 100-per-cent ownership in Santa-Maria, Burnthut (including the Tak patents), Howie, Alto-Gardnar claims, as well as in British Columbia with the Icefield portfolio having two highly prospective claim packages.
We seek Safe Harbor.
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