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Ascot Announces Updated Private Placement Terms
Globenewswire· 2025-12-22 13:00
Group 1 - Ascot Resources Ltd. has amended its previously announced brokered private placement to a unit financing, raising up to C$150 million, with each unit consisting of one share and one half of a warrant [1][2] - Each whole warrant is exercisable to purchase one share at an exercise price of C$0.85 for a period of 12 months from the closing date of the first tranche, expected on December 30, 2025 [1] - The offering is conditional on receiving necessary stock exchange approvals and reactivation of the company on the TSXV [2] Group 2 - The shares will be offered to accredited investors in Canada, U.S. investors under specific exemptions, and international investors in compliance with applicable laws [3] - Securities issued will be subject to a four-month hold period under Canadian securities law and will not be registered under the U.S. Securities Act [4] - The offering does not constitute an offer to sell or solicit an offer to buy securities in the United States [4] Group 3 - Ascot Resources is a Canadian mining company headquartered in Vancouver, owning the Premier Gold mine located in the Golden Triangle of northwestern British Columbia [6][7]