BRIEF-Ascot announces $20 million private placement

Mon Jul 11, 2016 9:44am EDT
 
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July 11 (Reuters) - Ascot Resources Ltd

* Ascot announces $20 million private placement

* Private placement will consist of both flow through units and hard dollar units

* FT units will be priced at $1.25 and HD units will be priced at $1.15

* Proceeds from offering will be used for exploration expenditures on company's premier property Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)