ENP Newswire -
Release date- 13062014 -
Each Unit consists of one flow-through share and one-half of one non-transferable share purchase warrant (each whole warrant, a 'Warrant'). Each Warrant is exercisable for an additional common share until
In connection with the Private Placement, the Company paid to finders a cash commission of
All securities issued pursuant to the private placement are subject to a hold period expiring on
The gross proceeds raised from the Private Placement will be used for exploration expenditures which will constitute Canadian exploration expenses (as defined in the Income Tax Act (
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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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