TSX:ASND - Post Discussion
Post by
Anomalloy on Oct 06, 2020 2:01am
PP closed
All you need to know about future prospects in the news release... ^ "Ascendant is also engaged in the ongoing evaluation of producing and development stage mineral resource opportunities...
"ASND "has completed its previously disclosed non-brokered private placement for gross proceeds of C$1.26 million. The Company issued a total of 12.6 million units ... at a price of C$0.10 per Unit. Each Unit consists of one common share of the Company and one-half of one Common Share purchase warrant . Each Warrant entitles the holder thereof to acquire one Common Share at a price of C$0.15 per share for a 24-month period following the closing date of the Offering. The Company intends to use the proceeds from the Offering for the Company’s exploration program in the South Zone at its Lagoa Salgada project as well as for working capital and general corporate purposes. The current exploration program, consisting of 2,700m of drilling and downhole IP surveys, will be completed in two phases. The first phase of the program consists of 1,200m of drilling with downhole IP surveys. The main objective of the proposed program is to significantly increase and upgrade tonnage at the copper-rich South Zone. The program aims to build upon the existing 2.47Mt of Measured and Indicated Resource and 6.09Mt of Inferred Resource delineated in the South Zone..."
""Ascendant is also engaged in the ongoing evaluation of producing and development stage mineral resource opportunities. "
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