Ascot Resources Ltd (AOTVF)

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New press release.

Ascot Resources Ltd. (TSX.V:AOT, OTCQX:AOTVF) ("Ascot") and IDM Mining Ltd. ("IDM"), announce that they have completed their previously announced plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia), pursuant to which Ascot acquired all the issued and outstanding common shares of IDM (each, an "IDM Share"), and, in exchange, shareholders of IDM received 0.0675 of a common share of Ascot for each IDM Share held (the "Transaction"). The Arrangement consolidates Ascot's Premier gold project ("Premier") and IDM's Red Mountain gold project ("Red Mountain"), creating the leading high-grade gold and silver development and exploration company in northwestern British Columbia's Golden Triangle.