Ascot Resources Ltd. is pleased to announce additional high-grade results in step-out and exploration drillholes from the ongoing 25,000m drill program at the Company's Premier Gold Project . Before moving to higher elevations, drilling this season to date has focused on the area to the northwest of the Premier/Northern Light zones. High-grade gold [...]
Ascot Resources Ltd. and Nisga'a Nation are pleased to announce that they have entered into an updated Benefits Agreement which now encompasses both the Premier Gold Project and the Red Mountain Project . The updated Agreement replaces the former which only pertained to RMP . The comprehensive Agreement sets the basis for the long-term success of [...]
Ascot Resources Ltd. is pleased to announce the discovery of new high-grade copper, gold, and silver mineralization at the Company's Premier Gold Project . These are the first drill results from this year's 25,000m exploration program, which is aimed at testing new, high-priority targets as well as following up on last year's drilling successes [...]
Ascot Resources Ltd. reports that at its annual general meeting held today, June 22, 2021, Ascot's shareholders approved by majority: to elect all seven directors standing for re-election; to re-appoint PricewaterhouseCoopers LLP as the Company's auditor; the Advance Notice Policy of the Company; and the philosophy and design of the Company's [...]
Ascot Resources Ltd. is pleased to announce that further to its press release of May 17, 2021, it has closed the non-brokered private placement of 2,651,796 flow-through shares at an average price of C$1.43 per Flow-Through Share for gross proceeds of C$3.8 Million. The proceeds from the Offering will be used to fund the Company's exploration [...]
Ascot Resources Ltd. is pleased to announce the appointment of David Stewart as VP-Corporate Development & Shareholder Communications effective immediately. Derek White, President & CEO of Ascot, commented, "We are very pleased to have David join Ascot. He has covered Ascot as an equity research analyst since early 2019 and has been a strong [...]
Ascot Resources Ltd. is pleased to announce the 2021 exploration drill program at the Company's Premier Gold Project near Stewart in northwestern British Columbia. The access road to the site has now been cleared after a winter of significant snowfall and Ascot is preparing to start its exploration program and the preliminary preparations for the [...]
Ascot Resources Ltd. announces the Company's unaudited financial results for the three months ended March 31, 2021 . For details of the unaudited interim condensed consolidated financial statements and Management's Discussion and Analysis for the three months ended March 31, 2021, please see the Company's filings on SEDAR . Derek White, President [...]
Ascot Resources Ltd. is pleased to announce that it has closed its previously announced private placement . A total of 24,000,000 common shares of the Company were sold at a price of $0.86 per Share for gross proceeds to the Company of $20,640,000. Yamana Gold Inc. now holds approximately 6.4% of the Company's issued and outstanding common shares [...]
Ascot Resources Ltd. is pleased to announce that it has entered into an agreement with Stifel GMP in connection with a private placement financing whereby Stifel GMP has agreed to buy on a bought deal basis 24,000,000 common shares of the Company at an issue price of $0.86 per Share . Under the underwriting arrangement, Yamana Gold Inc. has agreed [...]
Ascot Resources Ltd. is pleased to announce that it has closed its previously announced bought deal financing . A total of 70,700,000 common shares were sold in the base deal and over allotment option at a price of C$0.86 per Common Share for gross proceeds to the Company of approximately C$61 million. The previously announced over allotment option [...]
Ascot Resources Ltd. has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and Raymond James Ltd., under which the underwriters have agreed to buy on bought deal basis 64,000,000 common shares , at a price of C$0.86 per Common Share for gross proceeds of approximately C$55 million [...]