Ascot Resources Ltd.

Ascot Resources is pleased to announce that it has closed the second and final tranche of the previously announced private placement of charity flow-through units of the Company and hard dollar units of the Company. Gross proceeds raised from the first tranche of the Offering and Second Tranche totalled approximately C$61.1 million, including significant participation from Ascot's largest shareholders, Ccori Apu and [...]

Ascot Resources announces the Company's audited consolidated financial results for the year ended Dec 31, 2024. For details of the audited consolidated financial statements, Management's Discussion and Analysis, and Annual Information Form for the year ended Dec 31, 2024, please see the Company's filings on SEDAR+. On Feb 20, the Company closed a financing package for a total of US$50 million from Sprott Resource [...]

Ascot Resources is pleased to announce that it has closed the first of two tranches of the previously announced private placement, has entered into extensions of the existing waiver and forbearance conditions with its Secured Creditors, and has received acceptance from the Toronto Stock Exchange of the Exemption. The Offering The First Tranche closing consisted of 142,551,675 charity flow-through units of the Company at a [...]

Ascot Resources announces that the Company has submitted a financial hardship exemption application to the Toronto Stock Exchange under Section 604 of the TSX Company Manual in respect of its previously announced brokered private placement and amendments to certain credit agreements of the Company to raise a minimum of C$60,000,000 and up to a maximum of C$65,000,000. The Company expects to raise approximately the minimum [...]

Ascot Resources is pleased to announce that the Company and a syndicate of agents co-led by Desjardins Capital Markets and BMO Capital Markets have agreed to amend its previously announced best-efforts private placement offering of units of the Company. The Offering will target gross proceeds of at least C$60 million and up to a maximum of C$65 million, now consisting of: hard dollar units of the Company at a price of [...]

Ascot Resources is pleased to announce that it has entered into an agreement with a syndicate of agents, co-led by Desjardins Capital Markets and BMO Capital Markets, for a best-efforts private placement offering of units of the Company at a price of C$0.115 per Unit, to raise a minimum of C$60 million and up to a maximum of C$65 million . Each Unit will be comprised of one common share of the Company and one common share [...]

Ascot Resources is providing an update on the progress of the Premier Gold Project following an initial review conducted by President and Chief Executive Officer Jim Currie and his management team. Due to the limited availability of trained labour, underground development has commenced later than expected, with slower advancement than anticipated. As a result, the previously outlined timeline for the re-start of mill [...]

Ascot Resources Ltd. announces that the Company's newly appointed President and Chief Executive Officer, Jim Currie and his new management team, are continuing a detailed review and assessment of Ascot's mining operations and overall business strategy. Given the significance and complexity of this process, Mr. Currie requires additional time to complete his evaluation. As a result, the previously scheduled conference [...]

Ascot Resources is pleased to announce a leadership transition, effective January 14, 2025. After collaborative planning with the Board, Derek White will step down as President & CEO. The Board extends its gratitude to Mr. White for his dedicated leadership and contributions to the Company. During his tenure, Mr. White led the Company through key milestones, including capital raising, development, and construction of the [...]

Ascot Resources is pleased to announce that the Company has completed its first development round for recommencement of the underground development of the Premier Northern Lights mine. Following the remobilization of the Company's mining contractor, Procon Mining & Tunneling Ltd to the site, the Company has: mobilized the underground mining equipment to site, established the underground ventilation, completed the initial [...]