Ascot Raises $220,500 via Placement

Ascot ResourcesUncategorised

Ascot Resources Limted (ASX: AZQ) (“Ascot” or the “Company”) advises that it has raised $220,500 (before costs) through a placement of approximately 4.9 million fully paid ordinary shares (“Shares”) to sophisticated and professional investors in Australia and other jurisdictions at an issue price of $0.045 per Share (the “Placement”).
The net proceeds of the Placement will provide the company with working capital to fund its existing operations and the ongoing feasibility work for the Titiribi Project.
Settlement of the Placement and subsequent allotment and quotation of the new Shares is currently scheduled to take place on Monday, 4 November 2013.

pdf-34
Ascot Raises $220,500 via Placement