Gold mine developer Ascot Resources has upsized the previously announced public offering of flow-through shares to raise C$29-million, citing strong demand.
The company has increased the flow-through units to 30.24-million flow-through at C$0.496 and hard dollar units to 32.56-million at C$0.43 each.
Ascot is commissioning its 100%-owned Premier goldmine, which poured first gold in April and is located on Nisga’a Nation Treaty Lands, British Columbia. Concurrent with commissioning Premier towards commercial production anticipated in the second half of 2024, the company continues to explore its properties for additional high-grade gold mineralization.