Bullboard - Stock Discussion Forum 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... see more

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Ascot Resources Ltd > New Press Release - Ascot Announces C$5.0 Million Non-Brokered Flow Through Private Placement

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Post by PressRelease on May 07, 2024 7:00am

New Press Release - Ascot Announces C$5.0 Million Non-Brokered Flow Through Private Placement

VANCOUVER, British Columbia, May 07, 2024 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce a C$5.0 million non-brokered flow through private placement, the proceeds of which will be used to fund the 2024 exploration program at the...read article.

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Comment by Beerman on May 07, 2024 7:36am

Guess they aren't gold fast enough?

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Comment by wildhorse65 on May 07, 2024 9:31am

Thank goodness they have a private placement! That is a massive help to shareholders. Pilfering mutherfuggers. This is the third or fourth time they've been " fully financed" and then zhit on shareholders by diluting to make more money for friends and family.

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Comment by Beerman on May 07, 2024 1:35pm

At least the share price wasn't terrible, but I'm annoyed.

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Comment by wildhorse65 on May 07, 2024 5:18pm

The share price was higher less than a month ago

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Comment by tomgranite on May 09, 2024 1:13am

Flow through funding which is very tax efficient way of paying for exploration. Done at 83c which is higher than current SP so dilution is reduced. I'm quite happy if it means more gold can be added to our resource.

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