Ascot is pleased to announce that it has entered into an agreement with Secutor Capital Management Corporation to complete a brokered private placement financing, on a commercially reasonable efforts agency basis. The Offering provides for the issue of up to 4,166,667 flow-through shares ("FT Shares") at $1.20 per FT Share for gross proceeds of $5,000,000.
In connection with the Offering, the Agent will receive a cash [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/25/12 -- Ascot Resources Ltd. (TSX VENTURE: AOT) is pleased to announced that its wholly owned subsidiary, Ascot USA Inc., has entered into agreements whereby it can earn up to a 70% interest, subject to certain royalties, in an initial five square miles in King and Pierce Counties, Washington.
Ascot intends to commence at 12,000 foot exploration drill program on the [...]
Ascot Resources is pleased to announce an initial independent resource estimate, effective May 01, 2012, for its Big Missouri area which has been the focus of drilling by Ascot from 2009-2011 on the Premier project in the Stewart Camp of northwest B.C. This resource covers approximately 20-25% of the Big Missouri target area. This initial resource was undertaken in order to help direct future work on this large gold [...]
Ascot Resources is pleased to announce final drill results from its successful 2011 exploration program at Premier. The 2011 drilling campaign confirmed the property has potential for both bulk tonnage and higher grade underground epithermal gold/silver deposits. In 2011, 150 holes were completed for a total of 36,318.5 m's. Results from the first 36 holes were reported in a news release dated September 8, 2011, this [...]
Ascot Resources is pleased to announce an update on drilling results from its successful 2011 exploration program at Premier. The 2011 drilling campaign continues to confirm the property has potential for both bulk tonnage and higher grade underground epithermal gold/silver targets. Wide zones of gold and silver mineralization are encountered in many of the areas demonstrating bulk tonnage potential. Highlights include:
Ascot announced the temporary delay of its drill program on the Mt. Margaret property in the St. Helens Mining District of Skamania County in Washington State as the United States Forest Service conducts a review of its May 5th, 2011 letter of concurrence with the Company's 2011 Operating Plan. Over the past year the Company has completed 11 drill holes on the Mt. Margaret property with positive results demonstrating [...]
Ascot Resources is pleased to announce that further to its press releases dated May 25, 2011 and June 16, 2011, it has closed the brokered private placement of 4,250,000 flow-through units at a price of $0.85 per FT Unit for gross proceeds of $3,612,500. The private placement was conducted on a commercially reasonable efforts agency basis by Macquarie Private Wealth Inc. (the "Agent").
Further to its news release of May 25, 2011 Ascot Resources announces that its private placement has been oversubscribed. In order to accommodate part of this demand Ascot has agreed to increase the Offering from up to 3,000,000 Flow Through Units to up to 4,250,000 Flow Through Units. Concurrently, the Closing Date on the Offering has been extended to June 24, 2011. All other terms of the Offering remain unchanged.
Ascot is pleased to announce that it has entered into an agreement with Macquarie Private Wealth to complete a brokered private placement financing, on a commercially reasonable efforts agency basis. The Offering provides for the issue of up to 3,000,000 flow-through units at $0.85 per FT Unit for gross proceeds of $2,550,000. Each FT Unit will consist of one flow through common share and one-half of one non-transferable [...]
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