Ascot Resources completes bought deal financing totaling over $20.6 million

Counsel to Stifel GMP

Lead by

On April 20, 2021, Ascot Resources Ltd. (TSX:AOT; OTCQX: AOTVF) (“Ascot”), a Canadian-based exploration and development company focused on re-starting the past producing historic Premier gold mine in British Columbia, announced the closing of a private placement basis financing (the “Offering”), whereby Stifel GMP agreed to buy on a bought deal basis 24,000,000 common shares of Ascot (the “Shares”) at a price of $0.86 per Share (the “Offering Price”) for an aggregate proceeds of $20,640,000.

Under the underwriting agreement, Yamana Gold Inc. (“Yamana”) agreed to be the substitute purchaser, the result of which is that it will purchase all the Shares under of the Offering.

The Offering was conducted by Stifel GMP.

Miller Thomson advised Stifel GMP with a team comprised of Lawrence Wilder, Adam Kline and Bikaramjit Sandhu (Capital Markets & Securities).

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