Ascot Resources Secures Funds for Gold Project
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Ascot Resources Secures Funds for Gold Project

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

Ascot Resources Ltd. has successfully closed the final segment of a C$5.0 million private placement, aimed at funding their 2024 exploration program at the Premier Gold Project in British Columbia’s Golden Triangle. The placement included over 6 million flow-through shares, with the recent tranche adding C$4 million to the company’s exploration budget. These funds are earmarked for Canadian exploration expenses which will be renounced to the purchasers, ensuring compliance with Canadian tax incentives.

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

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