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Ascot Announces Closing of the First Tranche of Private Placement

Not for distribution to U.S. news wire services or dissemination in the United States. VANCOUVER, British Columbia, March 14, 2025 (GLOBE NEWSWIRE) — Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce that it has closed the first of two tranches (the “First Tranche”) of the previously announced private […]



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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