10:55 AM EST, 11/18/2024 (MT Newswires) -- Ascot Resources ( AOTVF ) was at last look up more than 20% in Toronto trade on Monday, although from near 52 week lows, as it closed the senior secured debt financing and amendments, including US$7.5 million from Sprott Streaming. Ascot's creditors, including Sprott Streaming, and Nebari, have extended the waiver and forbearance agreements until May 31, 2025. Ascot also issued 824,901 shares to Sprott Streaming and 8.76 million shares to Nebari.

The company has also closed its private placement offering, issuing 262.5 million shares at $0.16 each, raising $42 million. Ccori Apu acquired 86.5 million shares under the financing.

Proceeds of the financings will be used to advance the development of the Premier Northern Lights mine, restart the mill and restart the Big Missouri mine from the current state of care and maintenance.

Ascot was last seen up $0.04, to $0.21, on the Toronto Stock Exchange.

Price: 0.21, Change: +0.04, Percent Change: +23.53