The Assay TV catches up with Derek White, president, and CEO of Ascot Resources (TSX: AOT), a Canadian mineral development company which is advancing towards production at the Premier Gold Mine in the very near term.
The company recently announced a financing package that consists of a royalty restructuring with Sprott Streaming for gross proceeds of US$30M, a US$20M cost overrun facility with Nebari Credit Fund II, and a C$25M offering.
In addition, Ascot expects its first gold pour to be completed in Q1 of this year.
Website: ascotgold.com
Primary tickers: TSX:AOT, OTCQX:AOTVF
Stage of development: Development, Production
Commodity: Gold
Project to promote: Premier Gold, Red Mountain
Project location: Canada
