Ascot Resources Amends Equity Financing Plan to Raise Up to C$65 Million

An update from Ascot Resources ( (TSE:AOT) ) is now available.

Ascot Resources Ltd. has announced an amendment to its previously disclosed equity financing plan, aiming to raise between C$60 million and C$65 million through a private placement offering. The offering will include hard dollar units and charity flow-through units, with the proceeds intended to support the advancement of the Premier Gold Project and other corporate purposes. The financing is contingent upon receiving necessary approvals and exemptions, and the company is currently under delisting review by the TSX due to financial hardship.

More about Ascot Resources

Ascot Resources Ltd. is a company operating in the mining industry, primarily focused on the exploration and development of gold projects. The company is known for its Premier Gold Project and is headquartered in Vancouver, Canada.

YTD Price Performance: -42.11%

Average Trading Volume: 1,204,909

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$108.1M

For detailed information about AOT stock, go to TipRanks’ Stock Analysis page.