Brief: Ascot Resources Ltd Provides Update On Construction Financing And Development Plans For Its Premier Gold Project
04/04/2022 12:19
April 4 (Reuters) - Ascot Resources Ltd AOT.TO :
* ASCOT RESOURCES LTD - UPDATE ON CONSTRUCTION FINANCING AND
DEVELOPMENT PLANS FOR ITS PREMIER GOLD PROJECT
* ASCOT RESOURCES - HAS BEEN UNABLE TO REACH AN AGREEMENT
WITH
SPROTT ON SATISFACTION OF DRAWDOWN CONDITIONS FOR REMAINING
US$60M OF SENIOR FACILITY
* ASCOT RESOURCES - INITIAL US$20M DRAWDOWN WILL REMAIN
OUTSTANDING, WILL PURSUE ALTERNATIVE FINANCING OPTIONS TO
REPLACE REMAINDER OF SENIOR FACILITY
Source text for Eikon: ID:nGNX14L4mG
Further company coverage: AOT.TO
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