Ascot Resources Ltd T.AOT

Alternate Symbol(s): AOTVF

Metals & Mining Gold

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.

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Ascot Resources Ltd > Drop below $10,000,000 and AOT is done? If I read that right

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Comment by Forbesa13on Sep 20, 2024 11:38am

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Post# 36233236

RE:RE:RE:RE:RE:RE:RE:Drop below $10,000,000 and AOT is done? If I read that right

If I'm the debt holder here why wouldn't I let Ascot raise additional funds and improve the asset further? if they succeed I get the deal I originally agreed to and if they fail, I get the asset with additional equity having been spent to further mine development. Its a win-win in my mind. As for the equity raise, it's going to be "below market" no matter if they raised money at $0.30 or $0.10. We don't really have a choice here with the alternative being we lose the asset.

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