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.