London, UK – 5 October 2023 – Sorbie Bornholm LP, (“Sorbie”) a UK Investment Fund, is pleased to announce a new investment in Ashley Gold Corp. (“Ashley”) (CSE:ASHL). The gross amount of the investment is $300,000 (CAD). The securities consist of units and warrants. The funds will go towards the advancement of Ashley’s Projects in Ontario while maintaining a constant source of funds covering a portion of Ashley’s short to medium term cash flow requirements.
Ashley has entered into a sharing agreement dated 4 October 2023 with Sorbie (the “Sharing Agreement”). This Sharing Agreement allows Ashley to retain much of the economic interest in the Sorbie Subscription Shares. The Sharing Agreement is designed to provide Ashley with flexibility in continuing to advance Ashley’s Projects in Ontario while maintaining a constant source of funds covering a portion of Ashley’s short to medium term cash flow requirements.
About Ashley Gold Corp.
Ashley Gold Corp. is an early-stage natural resource company engaged primarily in the acquisition, exploration, and if warranted, development of mineral projects. The Corporation’s objective is to conduct efficient and economical exploration on its growing portfolio of high-quality gold projects, currently focused in northwestern Ontario within the Eagle-Wabigoon-Manitou Lakes Greenstone Belts.
Ashley Gold is focused on creating substantive, long-term value for its shareholders through the discovery and development of world-class gold deposits. Ashley has acquired 100 per cent of the Tabor Lake lease subject to a 1.5-per-cent royalty, 100 per cent of the Santa Maria project subject to a 1.75-per-cent royalty, 100-per-cent interest in the Howie Lake project subject to a 0.5-per-cent royalty and 100-per-cent interest in the Alto-Gardnar project subject to a 0.5-per-cent royalty.
For more information on Ashley, please contact:
Darcy Christian, President
+1 (587) 777-9072
dchristian@ashleygoldcorp.com
www.ashleygoldcorp.com
About Sorbie Bornholm
Sorbie Bornholm LP is a global investment firm that provides funding for ongoing business objectives to listed micro, small and mid-cap growth companies. We focus on public equity investments in companies that are looking to expand – and on management teams with a clear growth strategy. Our extensive experience allows us to invest in most industries – and to focus on providing supportive, longer term capital that rewards company growth.
Since 2000, Sorbie Bornholm LP founder Greg Kofford has perfected the “Sorbie-Strategy”, utilizing a sharing agreement that supports management and rewards growth. This unique approach has now been used in over 70 investments – with many of those resulting in the companies receiving more cash than the original offering proceeds – without having to issue any additional shares.
Sorbie Bornholm’s core values drive who we are and how we invest. We are committed to developing long-term relationships with select listed public companies and their brokers & advisers. We focus on providing supportive, longer term capital that rewards growth. We invest to make a difference, to become a valued partner and to be a shareholder of choice. It’s important to us that we succeed together.
To see if the Sorbie-Strategy is right for your company, please contact Sorbie Bornholm:
Whitney Kofford, Managing Director
+1 (801) 554-5889
whitney@sorbiebornholm.com