Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (15010)	12/16/2015 9:31:36 AM
From: Goose94	Read Replies (1) \| Respond to of 202374

Ascot Resources (AOT-V) Dec 16, '15 is pleased to announce that it has completed its previously announced non-brokered private placement of 7,533,967 units at a price of $1.00 per Unit for gross proceeds of $7,533,967.00. Each Unit consists of one common share and one non-transferable, common share purchase warrant. Each whole warrant is exercisable for an additional common share until June 15, 2017 at an exercise price of $1.05 per warrant. In connection with the Offering, the finders received a cash commission equal to 7.0% of the gross proceeds raised under the Offering by the finders and 513,471 non-transferable warrants. Each Finder's Warrant is exercisable to purchase one common share until June 15, 2017 at an exercise price of $1.05 per Finder's Warrant. All securities issued pursuant to the Offering are subject to a statutory hold period expiring on the date that is four months and one day following the date of issuance. The net proceeds from the Offering will be used to make the December 30, 2015 option payment on the Company's Premier / Dilworth property of $6,850,000 and the balance will be used for working capital. For more information concerning the Company, please refer to the Company's profile on the SEDAR website at www.sedar.com. ON BEHALF OF THE BOARD OF DIRECTORS OF ASCOT RESOURCES LTD. John A. Toffan, President Ascot Resources Ltd. (604) 379-1170 www.ascotresources.ca