ENP Newswire -
Release date- 23052014 -
Each Unit will consist of one flow-through share and one half of one non-transferable, share purchase warrant. Each whole warrant will be exercisable for an additional common share for a period of two years from the closing of the private placement at an exercise price of
In connection with the private placement the Company will pay, subject to
The proceeds from the private placement will be used for exploring the Company's Premier and Dilworth properties which will constitute Canadian exploration expenses.
#202 - 15388 24 Ave
Web Site: www.ascotresources.ca
Cautionary Statement Regarding Forward-Looking Information
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements including statements in respect of anticipated closing of the private placement and the expected use of proceeds. Forward-looking statements are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'estimate', 'expect' and 'intend' and statements that an event or result 'may', 'will', 'should', 'could' or 'might' occur or be achieved and other similar expressions.
Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.
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