Ascot Announces Upsize of Previously Announced Equity Financing

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VANCOUVER, British Columbia, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce that the Company and a syndicate of agents (the “Agents”) co-led by Desjardins Capital Markets (“Desjardins”) and BMO Capital Markets (“BMO”, and together with Desjardins, the “Bookrunners”) have agreed to increase the size of its previously announced best-efforts private placement offering of common shares (the “Common Shares”) from gross proceeds of at least C$25,000,000 and up to a maximum of C$35,000,000, to gross proceeds of up to C$42,000,000 (the “Equity Financing”).

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