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Ascot Provides Update on Previously Announced Financing Package

Feb 13, 2024•over 1 year ago

Amount Raised

$50 Million

VancouverMining

Investors

Desjardins Capital MarketsBmo Capital MarketsNebari Natural Resources Credit Fund Ii, LpSprott Resource Streaming And Royalty Corp.

Description

Ascot Resources Ltd. has finalized the terms of definitive documentation for a total of approximately US$50 million in funding from Sprott Resource Streaming and Royalty Corp. and/or its affiliates and Nebari Natural Resources Credit Fund II, LP. The closing date for the previously announced bought deal financing with a syndicate of underwriters co-led by BMO Capital Markets and Desjardins Capital Markets is now scheduled to occur on February 20, 2024.

Company Information

Company

Ascot Resources

Location

Vancouver, British Columbia, Canada

About

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.

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