Ascot Announces Funding Plan for Mine Development & Operations Restart
10/21/24, 12:03 PM
Location
vancouverMoney
$40 million
Industry
mining
Type
partnership
Ascot Resources Ltd. has revealed a plan to raise approximately C$40 million in funding to advance the development of the Premier Northern Lights mine, restart the mill, and restart the Big Missouri mine from the current state of temporary care and maintenance. The company has been in discussions with its main creditors and has also entered into an agreement with a syndicate of agents for a private placement of common shares.
Company Info
Location
vancouver, british columbia, canada
Additional Info
Ascot Resources is a Vancouver based gold company publicly traded on the Toronto Stock Exchange. The Company is focused on re-starting the past producing Premier gold mine with feed from four deposits. Premier is located just 25 kilometres from the town of Stewart, in northwestern British Columbia in a prolific area known as the Golden Triangle.