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Ascot Announces Closing of the First Tranche of Private Placement
Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) announced the closing of the first tranche of a private placement for gross proceeds of approximately C$42.0 million. This involved issuing charity flow-through units at C$0.1403 each and hard dollar units at C$0.115 each. A second tranche is expected to close around April 10, 2025, for approximately C$18.6 million. Secured Creditors extended their existing waiver and forbearance conditions until September 30, 2025.
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