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Ascot Provides Further Update on Previously Announced Financing

Not for distribution to U.S. news wire services or dissemination in the United States. VANCOUVER, British Columbia, March 07, 2025 (GLOBE NEWSWIRE) — Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) announces that the Company has submitted a financial hardship exemption application to the Toronto Stock Exchange (the “TSX”) under Section 604(e) […]



Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) announced on March 7, 2025, that it has applied for a financial hardship exemption from the TSX regarding its previously announced brokered private placement (minimum C$60M, maximum C$65M). The financing involves hard dollar units (C$0.115 each) and charity flow-through units (C$0.1403 each). Closing is expected in two tranches, conditional on definitive documentation, TSX approvals, and the exemption. Ccori Apu and Equinox Partners' ownership could be materially affected post-financing.

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