Ascot Resources Secures C$34 Million for Premier Gold Mine
Company Announcements

Ascot Resources Secures C$34 Million for Premier Gold Mine

Story Highlights

Ascot Resources (TSE:AOT) has released an update.

Ascot Resources Ltd. has successfully completed a C$34 million bought deal financing, with full exercise of the over-allotment option, to support the commissioning and ramp-up of its Premier Gold Mine. The financing included both flow-through units and hard dollar units, which were underwritten by a syndicate including BMO Capital Markets and Desjardins Capital Markets. Proceeds will be used for development expenses, additional working capital, and general corporate purposes.

For further insights into TSE:AOT stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskAscot Resources Reports Q3 2024 Financial Results
TipRanks Canadian Auto-Generated NewsdeskAscot Resources Upsizes Equity Financing Plan
TipRanks Canadian Auto-Generated NewsdeskAscot Resources Secures Waiver Extension for Credit Agreements
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App