Ascot Resources Ltd. is pleased to announce the Company's unaudited financial results for the three and six months ended June 30, 2024 , located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. For details of the unaudited condensed interim consolidated financial statements and Management's Discussion and Analysis for the three and six months ended June 30, 2024, please see [...]
Ascot Resources Ltd. is pleased to announce that it has closed the previously announced bought deal financing, including the full exercise of the over-allotment option, for gross proceeds of approximately C$34 million . The Offering consisted of 30,242,000 flow-through units at a price of C$0.496 per Flow-Through Unit and 44,188,000 hard dollar units at a price of C$0.43 per HD Unit for gross proceeds of approximately [...]
Ascot Resources Ltd. is pleased to announce that due to strong demand, it has increased the size of the previously announced public offering of flow-through units to 30,242,000 Flow-Through Units at a price of C$0.496 per Flow-Through Unit and of hard dollar units to 32,560,000 HD Units at a price of C$0.43 per HD Unit for gross proceeds of approximately C$29 million . In connection therewith, the Company has entered into [...]
Ascot Resources Ltd. has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and Desjardins Capital Markets , under which the Underwriters have agreed to buy on a bought deal basis by way of private placement, 30,242,000 flow-through units and 11,630,000 hard dollar units of the Company , at a price of C$0.496 per Flow-Through Unit and C$0.43 per HD Unit for [...]
Ascot Resources Ltd. today announces second quarter production results and provides a commissioning update at the Company's Premier Gold Mine , located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. Initial commissioning material was introduced into the grinding circuit of the mill on March 31, 2024, initial commissioning ore started to be processed on April 8, 2024, and [...]
Ascot Resources Ltd. is pleased to announce the publication of the Company's third annual Sustainability Report. In line with the goals in the previous year's report, Ascot has now incorporated the Sustainability Accounting Standards Board framework for tracking and reporting prominent sustainability-related metrics. The 2023 Sustainability Report can be accessed and downloaded at the address below [...]
Ascot Resources Ltd. reports that at its annual general meeting held today, June 20, 2024, Ascot's Shareholders approved by majority: to elect all seven directors standing for election; to re-appoint PricewaterhouseCoopers LLP as the Company's auditor; and the philosophy and design of the Company's executive compensation. Detailed results of the votes held by ballot at the AGM are set out below: Nominee Total Votes Cast [...]
Ascot Resources Ltd. is pleased to announce that, further to the Company's news release dated May 7, 2024, the Company has closed the second of two tranches of the C$5.0 million non-brokered flow through private placement , the proceeds of which will be used to fund the 2024 exploration program at the Company's Premier Gold Project , located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern [...]
Ascot Resources Ltd. is pleased to announce that, further to the Company's news release dated May 7, 2024, the Company has closed the first of two tranches of the C$5.0 million non-brokered flow through private placement , the proceeds of which will be used to fund the 2024 exploration program at the Company's Premier Gold Project , located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern [...]
Ascot Resources Ltd. is pleased to announce the Company's unaudited financial results for the three months ended March 31, 2024 , and also to provide a construction update on the Company's Premier Gold Project , located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. For details of the unaudited condensed interim consolidated financial statements and Management's Discussion [...]
Ascot Resources Ltd. is pleased to announce a C$5.0 million non-brokered flow through private placement, the proceeds of which will be used to fund the 2024 exploration program at the Company's Premier Gold Project , located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. The purpose of the non-brokered private placement is to raise total gross proceeds of C$5,000,000 . The [...]
Ascot Resources Ltd. today announces that effective May 9, 2024, Don Njegovan is stepping down as a Director of the Company to focus on his duties at Osisko Mining Inc. Ascot's remaining six Directors have appointed Derek White, current President and CEO of the Company, to replace Mr. Njegovan as Director, also effective May 9, 2024. Mr. Njegovan stated: "I would like to congratulate the Board of Directors and the entire [...]