Ascot Announces Share Consolidation Effective Date

Core Viewpoint - Ascot Resources Ltd. is set to implement a share consolidation on December 16, 2025, converting 50 pre-consolidation shares into one post-consolidation share as part of a broader restructuring process that includes a rights offering, bridge financing, and private placement [1][7]. Share Consolidation Details - The share consolidation will reduce the number of outstanding shares from approximately 1,487,580,162 to about 29,751,603 shares [3]. - Post-consolidation shares will trade on the NEX Board of the TSX Venture Exchange under the existing symbol "AOT.H" starting December 16, 2025 [2]. - The new CUSIP number for the common shares will be 04364G783 and the new ISIN number will be CA04364G7839 [2]. Fractional Shares and Adjustments - No fractional shares will be issued; fractional interests will be rounded down or up based on their value [3]. - The exercise or conversion price and the number of common shares under outstanding warrants, stock options, and convertible debentures will be proportionately adjusted to reflect the consolidation [4]. Approval and Process - The consolidation has been approved by the shareholders and the board of directors in accordance with relevant regulations [5]. - The company's transfer agent, Computershare, will provide instructions for exchanging pre-consolidation share certificates for post-consolidation certificates [6]. Company Overview - Ascot Resources Ltd. is a Canadian mining company based in Vancouver, British Columbia, and owns the Premier Gold mine located in the Golden Triangle of northwestern British Columbia [9].