Beauce Gold Fields Closing A Non-Brokered Private Placement
(TheNewswire)
October 24, 2025, Montreal, Quebec,Canada – TheNewswire -Beauce Gold Fields (ChampsD’Or en Beauce) (TSX Venture: "BGF"), referred to as "BGF" or the "Company,"is pleased to announce that it is closing anon-brokered private placement of 19,132,600 units at $0.04 per unitfor gross proceeds of $765,304.00
The placement was announced September 17, 2025 and theplacement was open for participation by existing shareholders ofBeauce Gold Fields as of the record-closing date of September 16,2025, who wish to participate in the placement based on the existingshareholder exemption offered under Canadian securities laws. Thesubscriptions by existing shareholders exceeded the required minimumand accounted for $376,304, the balance of the placement representing$389,000 having been subscribed to by accredited investors.
Each unit will comprise one common share and one commonshare purchase warrant of the company which will entitle the holderthereof to purchase one common share of the capital stock of thecompany at a price of $0.10 for a period of 24 months from the date ofclosing of the placement. Securities issued under the placement aresubject to a four-month and one-day hold period, in accordance withapplicable Canadian securities laws. The placement is subject tostandard regulatory approvals including the approval of the TSXVenture Exchange. The proceeds of the placement will be used: (i) tofinance exploration and (ii) for general corporate purposes.
In connection with the placement, the company will paya finder's fees of $800.00 to Canaccord Genuity Corp ofVancouver, British Columbia and $51,300.00 to EMD Financial Inc. ofMontreal, Quebec. It will also issue 16,000 warrants to CanaccordGenuity Corp. and 1,026,000 warrants to EMD Financial Inc. Thewarrants will entitle the agents to purchase one common share of thecapital stock of the company at a price of $0.10 for a period of 24months from the date of closing of the placement. All shares issued onthe warrants exercise are subject to a four-month andone-dayholdperiod from the date of closing of the placement.
The Company will use the minimum proceeds as well asthe maximum proceeds from the private placement for general working capital and for exploration of its goldand phosphate properties.
No more than 10% of the proceeds of the placement can be used forInvestor Relations Activities. None amount of the proceeds of theplacement is for payments to Non-Arm’s length parties of the companynor for payments to persons conducting Investor RelationsActivities.
About Beauce Gold Fields
Beauce Gold Fields is focused on exploring anddeveloping the largest placer gold district in eastern North America.The Company’s objective is the trace old placer gold workings backto a bedrock source to uncover economic lode gold deposits. TheCompany’s flagship property is the Saint-Simon-les-Mines goldproject, site of Canada’s first gold rush that pre-dates the YukonKlondike. The Beauce region hosted some of the largest historicalplacer gold mines in Eastern North America that were active from 1860sto the 1960s It produced some of the largest gold nuggets in Canadian mining history (50oz+). (Source Sedar:43-101 Report - Beauce July 4th 2018, Author B. Violette)
Beauce Gold Fields is currentlydrilling recently discovered antiform systems that is believed to havecontributed to the development of extensiveauriferous placer deposits in Beauce. The Company’s geologicalmodel suggests that placer gold within theBeauce Gold paleochannel, including the renowned large nuggets fromthe 19th century, formed in stressed quartz pockets within layereddomed Axis of Antiforms, exemplified by Saddle Reef formations.Notable global Saddle Reef formations include the Bendigo goldfields in Australia (over 60 million ounces) and the high-gradeDufferin deposit in Nova Scotia.
Beauce Gold Fields website www.beaucegold.com
Disclaimers:
This press release contains certainforward-looking statements, including, without limitation, statementscontaining the words "may", "plan","will", "estimate", "continue","anticipate", "intend", "expect","in the process" and other similar expressions whichconstitute "forward-looking information" within the meaningof applicable securities laws. Forward-looking statements reflect theCompany's current expectation and assumptions, and are subject toa number of risks and uncertainties that could cause actual results todiffer materially from those anticipated. These forward-lookingstatements involve risks and uncertainties including, but not limitedto, our expectations regarding mineral exploration. Such statementsreflect the current views of the Company with respect to future eventsand are subject to certain risks and uncertainties and other risksdetailed from time-to-time in the Company's on-going filings withthe securities regulatory authorities, which filings can be found atwww.sedar.com. Actual results, events, and performance may differmaterially. Readers are cautioned not to place undue reliance on theseforward-looking statements. The Company undertakes no obligation topublicly update or revise any forward-looking statements either as aresult of new information, future events or otherwise, except asrequired by applicable securities laws.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
For further informationcontact
Patrick Levasseur, President and CEO Tel: (514)262-9239
www.beaucegold.com
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