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Ascot to raise C$4m for 2023 exploration at Premier gold mine

13th April 2023

By: Creamer Media Reporter

     

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Toronto-listed Ascot Resources will raise C$4-million in a flow-through private placement to fund the 2023 exploration programme at its Premier gold project (PGP), in the prolific Golden Triangle of north-western British Columbia.

President and CEO Derek White reports that the flow-through placement is with a single investor. The offering will consist of five-million shares at C$0.81 each.

"The proceeds will be used to advance our 2023 exploration programme at PGP, both for surface drilling on high-priority targets such as the Day zone and Sebakwe zone, and also various IP geophysics activities for further target generation,” says White.

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Edited by Creamer Media Reporter

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