On November 18, 2024, Ascot Resources Ltd. completed a best efforts private placement of 262,500,000 common shares at a price of $0.16 per common share for gross proceeds of approximately $42 million.
The offering was conducted by a syndicate of agents co-led by Desjardins Capital Markets and BMO Capital Markets, and included Raymond James Ltd. and Velocity Trade Capital Ltd.
Cassels represented the agents.