On February 20, 2024, Ascot Resources Ltd. completed a bought deal private placement financing of 65,343,000 common shares at a price of $0.44 per common share for gross proceeds of approximately $29 million which included the full exercise of the underwriters’ option. The offering was completed through a syndicate of underwriters co-led by BMO Capital Markets and Desjardins Capital Markets and included CIBC World Markets Inc., Raymond James Ltd. and Velocity Trade Capital Ltd.
Cassels acted for the underwriters.