Ascot Resources Ltd. is launching a rights offering to raise up to C$14,871,517, offering 1,487,151,720 rights to shareholders at C$0.01 per Rights Share. The Rights expire on December 12, 2025, with additional subscription privileges available. Ascot has a standby agreement with Fiore Management to acquire any outstanding Rights Shares. The offering will close on December 15, 2025, and the Company plans a post-offering share consolidation and private placement. Proceeds will be used to settle outstanding debts. Further details are available on Ascot’s SEDAR+ profile and website. The offering is subject to TSXV approval.

Read more at GlobeNewswire: Ascot Announces Launch of C$0.01 Rights Offering