Stocks in play: Ascot Resources Ltd.
Has entered into a definitive credit agreement with Nebari Gold Fund 1, LP which consists of US$14 million subordinated convertible credit facility The Nebari Convertible Facility is to refinance Ascot’s existing Beedie Convertible Facility In late 2020 and as part of a larger project financing package, Ascot entered into a US$25-million subordinated convertible credit facility with Beedie Investments Ltd. of which the Company had drawn an initial advance of US$10 million (and canceled the undrawn facility of US$15-million. Ascot Resources Ltd. shares T.AOT are trading up $0.05 at $0.51.
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