Ascot Closes First Tranche of Flow Through Private Placement
30 5월 2024 - 2:00AM
Ascot Resources Ltd. (
TSX: AOT; OTCQX:
AOTVF) (“
Ascot” or the
“
Company”) is pleased to announce that, further to
the Company’s news release dated May 7, 2024, the Company has
closed the first of two tranches (the “
First
Tranche”) of the C$5.0 million non-brokered flow through
private placement (the “
Offering”), the proceeds
of which will be used to fund the 2024 exploration program at the
Company’s Premier Gold Project (“
PGP” or the
“
project”), located on Nisga’a Nation Treaty Lands
in the prolific Golden Triangle of northwestern British Columbia.
The Offering consists of 6,024,096 common shares
of the Company, which qualify as "flow-through shares" within the
meaning of the Income Tax Act (Canada) (the “FT
Shares”), at a price of C$0.83 per FT Share. Under the
First Tranche, the Company issued 1,204,096 FT Shares for gross
proceeds of C$999,400. The second and final tranche of the Offering
is anticipated to close on or before June 14, 2024.
The gross proceeds from the issuance of the FT
Shares will be used for “Canadian exploration expenses”, and will
qualify as “flow-through mining expenditures” as those terms are
defined in the Income Tax Act (Canada), which will be renounced to
the purchaser of the FT Shares with an effective date no later than
December 31, 2024 in an aggregate amount not less than the gross
proceeds raised from the issue of the FT Shares.
The FT Shares issued in the Offering will be
subject to a hold period expiring four months and one day from
their issue date.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy nor shall there be any
sale of any of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful, including any of the
securities in the United States of America. The securities have not
been and will not be registered under the United States Securities
Act of 1933, as amended (the “1933 Act”) or any
state securities laws and may not be offered or sold within the
United States or to, or for account or benefit of, U.S. Persons (as
defined in Regulation S under the 1933 Act) unless registered under
the 1933 Act and applicable state securities laws, or an exemption
from such registration requirements is available.
On behalf of the Board of Directors of
Ascot Resources Ltd.“Derek C. White”President & CEO,
Director
For further information
contact:
David Stewart, P.Eng.VP, Corporate Development & Shareholder
Communicationsdstewart@ascotgold.com778-725-1060 ext. 1024
About Ascot Resources Ltd.
Ascot is a Canadian mining company focused on
commissioning its 100%-owned Premier Gold Mine, which poured first
gold in April 2024 and is located on Nisga’a Nation Treaty Lands,
in the prolific Golden Triangle of northwestern British Columbia.
Concurrent with commissioning Premier towards commercial production
anticipated in Q3 of 2024, the Company continues to explore its
properties for additional high-grade gold mineralization. Ascot’s
corporate office is in Vancouver, and its shares trade on the TSX
under the ticker AOT and on the OTCQX under the ticker AOTVF. Ascot
is committed to the safe and responsible operation of the Premier
Gold Mine in collaboration with Nisga’a Nation and the local
communities of Stewart, BC and Hyder, Alaska.
For more information about the Company, please
refer to the Company’s profile on SEDAR+ at www.sedarplus.ca or
visit the Company’s web site at www.ascotgold.com.
The TSX has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding
Forward-Looking Information
All statements and other information contained
in this press release about anticipated future events may
constitute forward-looking information under Canadian securities
laws ("forward-looking statements").
Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "believe", "plan",
"estimate", "expect", "targeted", "outlook", "on track" and
"intend" and statements that an event or result "may", "will",
"should", "could", “would” or "might" occur or be achieved and
other similar expressions. All statements, other than statements of
historical fact, included herein are forward-looking statements,
including statements in respect of the terms of the Offering, the
closing of the Offering, the advancement and development of the PGP
and the timing related thereto, the completion of the PGP mine, the
production of gold and management’s outlook for the remainder of
2024 and beyond. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking statements, including risks associated with
entering into definitive agreements for the transactions described
herein; fulfilling the conditions to closing of the transactions
described herein, including the receipt of TSX approvals; the
business of Ascot; risks related to exploration and potential
development of Ascot's projects; business and economic conditions
in the mining industry generally; fluctuations in commodity prices
and currency exchange rates; uncertainties relating to
interpretation of drill results and the geology, continuity and
grade of mineral deposits; the need for cooperation of government
agencies and indigenous groups in the exploration and development
of Ascot’s properties and the issuance of required permits; the
need to obtain additional financing to develop properties and
uncertainty as to the availability and terms of future financing;
the possibility of delay in exploration or development programs and
uncertainty of meeting anticipated program milestones; uncertainty
as to timely availability of permits and other governmental
approvals; and other risk factors as detailed from time to time in
Ascot's filings with Canadian securities regulators, available on
Ascot's profile on SEDAR+ at www.sedarplus.ca including the Annual
Information Form of the Company dated March 25, 2024 in the section
entitled "Risk Factors". Forward-looking statements are based on
assumptions made with regard to: the estimated costs associated
with construction of the project; the ability to maintain
throughput and production levels at the PGP mill; the tax rate
applicable to the Company; future commodity prices; the grade of
mineral resources and mineral reserves; the ability of the Company
to convert inferred mineral resources to other categories; the
ability of the Company to reduce mining dilution; the ability to
reduce capital costs; and exploration plans. Forward-looking
statements are based on estimates and opinions of management at the
date the statements are made. Although Ascot believes that the
expectations reflected in such forward-looking statements and/or
information are reasonable, undue reliance should not be placed on
forward-looking statements since Ascot can give no assurance that
such expectations will prove to be correct. Ascot does not
undertake any obligation to update forward-looking statements,
other than as required by applicable laws. The forward-looking
information contained in this news release is expressly qualified
by this cautionary statement.
Ascot Resources (TSX:AOT)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
Ascot Resources (TSX:AOT)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025