VANCOUVER, British Columbia, Oct. 17, 2018 (GLOBE NEWSWIRE) -- Ascot Resources Ltd (TSX.V: AOT; OTCQX: AOTVF)
(“Ascot” or the “Company”) is pleased to announce that the sale to Ascot of all of the issued and outstanding common shares of
Jayden Resources Inc.’s wholly-owned subsidiary, Jayden Resources (Canada) Inc. which holds an 80% interest in the Silver Coin
property, passed via a special resolution by an overwhelming 99.48% today at the Special Meeting of Shareholders held by Jayden
Resources Inc. The transaction, previously announced by the Company on August 13, 2018, is anticipated to close within the
next 5 to 10 days concurrently with the purchase of the remaining 20% interest in the Silver Coin property held by Mountain Boy
Minerals Ltd. Ascot will hold 100% of the Silver Coin property at that time.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ASCOT RESOURCES LTD.
“Derek C. White”, President and CEO
For further information contact:
Kristina Howe
VP, Investor Relations
778-725-1060 / khowe@ascotgold.com
About Ascot Resources Ltd.
Ascot Resources is a gold and silver focused exploration company with a portfolio of advanced and grassroots projects
in the Golden Triangle region of British Columbia. The company’s flagship Premier Project is a near-term high-grade advanced
exploration project with large upside potential. Ascot is poised to be the next Golden Triangle producer with an experienced and
successful exploration, development and operating team, coupled with a highly regarded major shareholder.
For further information, please visit www.ascotgold.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this
release.
Cautionary Statement Regarding Forward-Looking Information
All statements, trend analysis and other information contained in this press release relative to markets about
anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not
always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and
statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions.
All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding: the
anticipated completion of the Transaction, are forward-looking statements. Forward-looking statements are subject to business and
economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those
contained in the forward-looking statements. Important factors that could cause actual results to differ materially from Ascot’s
expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of
drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native
groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional
financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in
exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely
availability of permits and other governmental approvals; and the timing and receipt of regulatory, including TSX Venture Exchange,
approvals for the acquisition of the Silver Coin property and the timing and completion of the acquisition. Forward-looking
statements are based on estimates and opinions of management at the date the statements are made. Ascot does not undertake any
obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place
undue reliance on forward-looking statements.
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