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Ascot Resources Ltd T.AOT

Alternate Symbol(s):  AOTVF

Ascot Resources Ltd. is a development and exploration company. The Company operates through two segments: the development of the Project and exploration and evaluation of Mt. Margaret. It is focused on re-starting the past producing Premier gold mine located in British Columbia's Golden Triangle. The Silver Coin, Big Missouri, and Premier deposits, collectively known as the Premier Gold Project (PGP) are located near the processing facility on the Premier Mine site. The PGP covers about 8,133 hectares (ha). Its Red Mountain Project (RMP) is located 23 kilometers (km), southeast in an adjacent valley. RMP consists of about 47 contiguous mineral claims for a total of approximately 17,125 ha. Its Premier and Red Mountain Gold Projects supply gold and silver ores to the process plant. It also has two other properties, including Swamp Point, an aggregate project located in British Columbia and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in United States.


TSX:AOT - Post by User

Post by Westcoastgoldon Feb 14, 2022 6:10pm
225 Views
Post# 34428109

Financing

Financing

Happy to see insiders participating.
Not so happy that all the recent shorts will likely cover through the financing.
Also not happy that a large part is units resulting in warrants possibly overhanging the market (they didn't detail the acceleration clause).
Agree with Molly though that Management decided that this is the best choice (any type of financing is dilutive...no way around it). 
Hopefully most will be purchased by long term investors, maybe more by Yamaha! 

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