Ascot Resources Ltd. has entered into an agreement with a syndicate of agents to market up to C$150 million of common shares through a private placement. Ccori Apu S.A.C will participate to maintain their ownership. The net proceeds will be used for mine development and general purposes, with part used for Canadian development expenses. The Offering is conditional on stock exchange approvals and completion of the share consolidation. Ascot is also restructuring with Nebari Gold Fund 1, LP, with indicative terms including maturity extensions and conversion of interest to principal. The securities issued will be subject to a four-month hold period.

Read more at GlobeNewswire: Ascot Announces Pricing of C$150 Million Brokered Private