(Source: Ascot Resources Ltd) Closing of Offering Ascot Resources Ltd. (the 'Company') is pleased to announce that it has closed the previously announced non-brokered private placement for 17,391,306 units (the 'Units') at a price of $1.15 per Unit for gross proceeds of $20,000,001.90 (the 'Offering'). Each Unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant is exercisable for an additional common share until August 5, 2018 at an exercise price of $1.50 per warrant. Eric Sprott acquired all 17,391,306 Units pursuant to the Offering, which Units represent approximately 12.90% of the outstanding common shares on a non-diluted...
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