July 31, 2017 / 9:57 PM / in 2 months

BRIEF-Ascot executes definitive agreement to acquire Premier‍​

July 31 (Reuters) - Ascot Resources Ltd:

* Ascot executes definitive agreement to acquire premier‍​

* Ascot Resources Ltd - pursuant to terms of agreement, Ascot must pay to boliden a total purchase price of CDN$4.8 million

* Ascot Resources-entered deal with Boliden Ltd,co will buy mineral rights,land,permits,other assets held by boliden in connection with premier gold mine‍​

* Ascot Resources - co has agreed to pay to boliden a net smelter royalty of 5 pct on any future mine production at premier property

* Ascot Resources - smelter royalty on premier property may be purchased by Ascot for sum of CDN$9.6 million Source text for Eikon: Further company coverage:

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