Ascot Resources Ltd. is pleased to announce the discovery of new high-grade copper, gold, and silver mineralization at the Company's Premier Gold Project . These are the first drill results from this year's 25,000m exploration program, which is aimed at testing new, high-priority targets as well as following up on last year's drilling successes. Initial drilling has intercepted a shallow zone of gold-silver mineralization [...]
Ascot Resources Ltd. reports that at its annual general meeting held today, June 22, 2021, Ascot's shareholders approved by majority: to elect all seven directors standing for re-election; to re-appoint PricewaterhouseCoopers LLP as the Company's auditor; the Advance Notice Policy of the Company; and the philosophy and design of the Company's executive compensation. Detailed results of the votes held by ballot at the AGM [...]
Ascot Resources Ltd. is pleased to announce that further to its press release of May 17, 2021, it has closed the non-brokered private placement of 2,651,796 flow-through shares at an average price of C$1.43 per Flow-Through Share for gross proceeds of C$3.8 Million. The proceeds from the Offering will be used to fund the Company's exploration activities this year. The gross proceeds from the issuance of Flow-Through [...]
Ascot Resources Ltd. is pleased to announce the appointment of David Stewart as VP-Corporate Development & Shareholder Communications effective immediately. Derek White, President & CEO of Ascot, commented, "We are very pleased to have David join Ascot. He has covered Ascot as an equity research analyst since early 2019 and has been a strong supporter of our value proposition. Given David's background in mining [...]
Ascot Resources Ltd. is pleased to announce the 2021 exploration drill program at the Company's Premier Gold Project near Stewart in northwestern British Columbia. The access road to the site has now been cleared after a winter of significant snowfall and Ascot is preparing to start its exploration program and the preliminary preparations for the construction of the PGP. The successful COVID-19 plan implemented in 2020 [...]
Ascot Resources Ltd. announces the Company's unaudited financial results for the three months ended March 31, 2021 . For details of the unaudited interim condensed consolidated financial statements and Management's Discussion and Analysis for the three months ended March 31, 2021, please see the Company's filings on SEDAR . Derek White, President and CEO, commented, "Ascot has had a very productive first quarter of 2021 [...]
Ascot Resources Ltd. is pleased to announce that it has closed its previously announced private placement . A total of 24,000,000 common shares of the Company were sold at a price of $0.86 per Share for gross proceeds to the Company of $20,640,000. Yamana Gold Inc. now holds approximately 6.4% of the Company's issued and outstanding common shares on a non-diluted basis. The private placement financing was conducted [...]
Ascot Resources Ltd. is pleased to announce that it has entered into an agreement with Stifel GMP in connection with a private placement financing whereby Stifel GMP has agreed to buy on a bought deal basis 24,000,000 common shares of the Company at an issue price of $0.86 per Share . Under the underwriting arrangement, Yamana Gold Inc. has agreed to be the substitute purchaser the result of which is that it will purchase [...]
Ascot Resources Ltd. is pleased to announce that it has closed its previously announced bought deal financing . A total of 70,700,000 common shares were sold in the base deal and over allotment option at a price of C$0.86 per Common Share for gross proceeds to the Company of approximately C$61 million. The previously announced over allotment option is now closed. The Offering was conducted by a syndicate of underwriters [...]
Ascot Resources Ltd. has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and Raymond James Ltd., under which the underwriters have agreed to buy on bought deal basis 64,000,000 common shares , at a price of C$0.86 per Common Share for gross proceeds of approximately C$55 million . The Company has granted the Underwriters an option, exercisable at the [...]
Ascot Resources Ltd. announces the Company's audited consolidated financial results for the year ended December 31, 2020. For details of the audited consolidated financial statements, Management's Discussion and Analysis, and Annual Information Form for the year ended December 31, 2020, please see the Company's filings on SEDAR www.sedar.com. Derek White, President and CEO, commented, "During 2020 and in the first quarter [...]
Ascot Resources Ltd. is pleased to provide the following update on the progress of pre-construction engineering, permitting and exploration for the Premier Gold Project . Mr. White, President and CEO of Ascot commented, "In April 2020, Ascot announced a CAD $147 million initial capital estimate for the mine development, project construction and refurbishment of the project site. Since this date we have progressed the [...]
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