Ascot Resources Ltd (AOTVF)

[wshaw14]

Sounds to me like they are going to go into production.

In December, Ascot closed a US$105 million project financing package with Sprott Private Resource Lending and Beedie Investments for development of Premier and to repay existing outstanding convertible notes. The package included a US$80 million senior credit facility and a US$25 million subordinated convertible facility.

In October, the company signed an agreement for the delivery of semi-autogenous and ball mills to the site, which are required to refurbish the concentrator to re-start Premier. The deliveries are expected around mid-2021.