On July 25, 2024, Ascot Resources Ltd. completed a bought deal financing of 30,242,000 flow-through units at a price of $0.496 per flow-through unit and 44,188,000 hard dollar units at a price of $0.43 per hard dollar unit for gross proceeds of approximately $34 million, which included the full exercise of the over-allotment option.
The offering was conducted by a syndicate of underwriters co-led by BMO Capital Markets and Desjardins Capital Markets, and including Raymond James Ltd., CIBC World Markets Inc., and Velocity Trade Capital Ltd.
Cassels acted for the underwriters.