Beauce Gold Fields Closing a Non-Brokered Flow-Through Private Placement

Core Viewpoint - CanadaBeauce Gold Fields is closing a non-brokered flow-through private placement to raise funds for exploration activities, specifically targeting gold and phosphate properties [1][3]. Group 1: Private Placement Details - The company is issuing 9,999,622 units at a price of $0.045 per unit, resulting in gross proceeds of $449,983 [1]. - Each unit consists of one common share and one common share purchase warrant, allowing the holder to purchase an additional common share at $0.12 for 24 months [1]. - A finder's fee of $40,048.30 will be paid to EMD Financial Inc., along with the issuance of 711,970 warrants to the same firm [2]. Group 2: Use of Proceeds - Proceeds from the private placement will primarily be allocated for exploration of gold and phosphate properties [3]. - The company stipulates that no more than 10% of the proceeds can be used for Investor Relations Activities, and none will be allocated to payments to non-arm's length parties [3]. Group 3: Company Overview - Beauce Gold Fields is focused on exploring the largest placer gold district in eastern North America, with the goal of tracing old placer gold workings back to their bedrock sources [4]. - The flagship property is the Saint-Simon-les-Mines gold project, historically significant as the site of Canada's first gold rush [4]. - The company is currently drilling antiform systems believed to contribute to extensive auriferous placer deposits in the Beauce region [4].