Ascot Resources Ltd. announced a non-brokered private placement of 6,024,096 flow through common shares at a price of CAD 0.83 per share for the gross proceeds of CAD 5,000,000 on May 7, 2024. The FT shares issued in the offering will be subject to a hold period expiring four months and one day from their issue date. The closing of the Offering is expected to occur in one or more tranches in or around late-May to mid-June 2024, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the Toronto Stock Exchange.