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.
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