Ascot Announces Closing of the First Tranche of Private Placement

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VANCOUVER, British Columbia, March 14, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce that it has closed the first of two tranches (the “First Tranche”) of the previously announced private placement (the “Offering”), has entered into extensions of the existing waiver and forbearance conditions with its Secured Creditors (as defined below), and has received acceptance from the Toronto Stock Exchange (the “TSX”) of the Exemption (as defined below).

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