Ascot Resources Ltd. 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 [...]
Ascot Resources Ltd. is pleased to announce that the Company has started mobilizing people and equipment to begin the underground development of the Premier Northern Lights mine . Following the close of the recent financing on November 18th, 2024, the Company has started erecting the head cover for the PNL portal and is moving people and equipment [...]
Ascot Resources Ltd. is pleased to announce that the Company has closed the previously announced senior secured debt financing and amendments , including approximately US$7.5 million from Sprott Private Resource Streaming and Royalty Corp, . In addition, the Company's secured creditors, including Sprott Streaming and Nebari Gold Fund 1, LP, Nebari [...]
Ascot Resources Ltd. 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 senior debt financing to raise approximately C$52,000,000 in total ). The Company expects to use the [...]
Ascot Resources Ltd. is pleased to announce the Company's unaudited financial results for the three and nine months ended September 30, 2024 , located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. For details of the unaudited condensed interim consolidated financial statements and Management's [...]
Ascot Resources Ltd. As previously disclosed, the Company's brokered private placement was upsized to C$42 million instead of the originally announced range of C$25-C$35 million. As a result of the upsize, the Company was able to reduce the size of the proposed senior debt financing to US$7.5 million instead of the original US$11.25 million [...]
Ascot Resources Ltd. 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 increase the size of its previously announced best-efforts private placement offering of common shares from gross proceeds of at least C$25,000,000 and up to a maximum of C$35,000,000, to [...]
Ascot Resources Ltd. is pleased to announce a plan to raise approximately C$40 million in funding to advance the development of the Premier Northern Lights mine , restart the mill and restart the Big Missouri mine from the current state of temporary care & maintenance. The Company has been in discussions with its main creditors, Sprott Private [...]
Ascot Resources Ltd. today announced that Sprott Private Resource Streaming and Royalty Corp., Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund II, LP and Nebari Collateral Agent LLC have agreed to extend the waiver and forbearance agreements previously granted by the Secured Creditors relating to certain additional pre-existing [...]
Ascot Resources Ltd. today announced that over the period of the past two months, mill operations at the Company's Premier Gold Mine have poured 3,430 oz of gold, which is 418% above the amount recorded over the entire second quarter. Additionally, in August, the mill has operated near or above its design capacity. The mill operations have [...]
Ascot Resources Ltd. is pleased to announce the Company's unaudited financial results for the three and six months ended June 30, 2024 , located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. For details of the unaudited condensed interim consolidated financial statements and Management's Discussion [...]
Ascot Resources Ltd. is pleased to announce that it has closed the previously announced bought deal financing, including the full exercise of the over-allotment option, for gross proceeds of approximately C$34 million . The Offering consisted of 30,242,000 flow-through units at a price of C$0.496 per Flow-Through Unit and 44,188,000 hard dollar [...]
