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Ascot Announces Funding Plan for Mine Development & Operations Restart
Oct 21, 2024•over 1 year ago
Contract Type
partnership
VancouverMining
Description
Ascot Resources Ltd. has revealed a plan to raise approximately C$40 million in funding to advance the development of the Premier Northern Lights mine, restart the mill, and restart the Big Missouri mine from the current state of temporary care and maintenance. The company has been in discussions with its main creditors and has also entered into an agreement with a syndicate of agents for a private placement of common shares.
Company Information
Company
Ascot Resources
Location
Vancouver, British Columbia, Canada
About
Ascot Resources is a Vancouver based gold company publicly traded on the Toronto Stock Exchange. The Company is focused on re-starting the past producing Premier gold mine with feed from four deposits. Premier is located just 25 kilometres from the town of Stewart, in northwestern British Columbia in a prolific area known as the Golden Triangle.
VancouverMining