Ascot, Sprott Streaming and Nebari have signed the definitive documentation into escrow with an anticipated effective date of
The Company is also announcing that the closing date for the previously announced bought deal financing with a syndicate of underwriters co-led by
The Company has received TSX conditional approval for the transactions described herein, however, the closing of the bought deal financing remains subject to customary closing conditions. The release from escrow of the definitive documentation executed by Ascot, Sprott Streaming and Nebari is subject to the parties' express release upon the concurrent completion of the bought deal financing and the submission for registration of certain debentures in the
Any securities offered have not been registered under the
ADVISORS
Contact:
Tel: 778-725-1060
Email: dstewart@ascotgold.com
About
Ascot is a Canadian junior exploration and development company focused on re-starting the past producing Premier gold mine, located on Nisga'a Nation Treaty Lands, in
Cautionary Statement Regarding Forward-Looking Information
All statements and other information contained in this press release about anticipated future events may constitute forward-looking information under Canadian securities laws ('forward-looking statements'). Forward-looking statements are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'estimate', 'expect', 'targeted', 'outlook', 'on track' and 'intend' and statements that an event or result 'may', 'will', 'should', 'could', 'would' or 'might' occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements, including statements in respect of the terms of the transactions and agreements described herein, the release of documents from escrow, the closing of the bought deal, the timing and completion of the financing package described herein, exploration objectives, advancement and development of the PGP and the timing related thereto, the completion of the PGP mine, the production of gold and management's outlook for the remainder of 2024 and beyond. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including risks associated with entering into definitive agreements for the transactions described herein; the risk a party will not comply with contractual obligations; fulfilling the conditions to closing of the transactions described herein; risks related to exploration and potential development of Ascot's projects; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and indigenous groups in the exploration and development of Ascot's properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals and other risk factors as detailed from time to time in Ascot's filings with Canadian securities regulators, available on Ascot's profile on SEDAR+ at www.sedarplus.ca including the Annual Information Form of the Company dated
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