The first new gold mine to be built in B.C. in about seven years is 90 per cent complete and aiming to pour first gold by the end of March.
In an update today, Ascot Resources Ltd. (TSX: AOT, OTCQX:AOTVF) said its Premier gold mine was nearing completion and also announced closing on a US$50 million streaming agreement with Sprott Resource Streaming and Royalty Corp.
Ascot said it had also closed on a previously announced bought deal, worth $29 million, with a syndicate of underwriters co-led by BMO Capital Markets and Desjardins Capital Markets and which includes CIBC World Markets Inc., Raymond James Ltd. and Velocity Trade Capital Ltd.
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