Ascot Announces New Board Member and Grant of Stock Options
VANCOUVER, British Columbia, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX.V:AOT) (“Ascot” or the “Company”) is pleased to announce the appointment of Mr. Bill Bennett to the Ascot Board of Directors (the “Board”) effective immediately. Mr. Bennett was a government MLA in British Columbia for 16 years in the Riding of Kootenay East. In addition to holding portfolios for Local Government and Tourism, Mr. Bennett was named BC Mines Minister three separate times over his 16 years.
Mr. Bennett has a BA from the University of Guelph and a law degree from Queen’s University. He was elected for the first time in 2001. Mr. Bennett is known across Canada for his knowledge of the mining industry in BC. He led the BC government’s efforts over many years to restore BC’s competitiveness for exploration investment, including having improved the BC Ministry of Energy & Mines permitting process and helping to launch BC’s First Nations mine revenue sharing program. There are few people in Canada who have such a strong combined knowledge of government processes, of the mining industry and of First Nations. Mr. Bennett also sits on the Board of Directors of Kutcho Copper Corp. and Eagle Plains Resources Ltd.
Derek White, President & CEO, commented, “We are thrilled that Mr. Bennett has joined the Board of Ascot; his knowledge and expertise of the mining industry in British Columbia is unparalleled and we look forward working with him as part our board.”
In addition, the Company has granted a total of 350,000 incentive stock options to various directors of the Company. The stock options were granted on February 1, 2018 with an exercise price of $1.37 per share for a five-year period from the date of grant.
ASCOT RESOURCES LTD.
Per: Derek C. White
Derek C. White, President and CEO
For further information contact:
Kristina Howe
VP, Investor Relations
T: 778-725-1060
E: khowe@ascotgold.com
Ascot Resources Ltd..
Suite 1500-505 Burrard Street
Vancouver, BC V7X 1M5
(778) 725-1060 info@ascotgold.com
(SEDAR filings: Ascot Resources Ltd.)
About Ascot Resources Ltd.
Ascot Resources is a focused gold and silver explorer with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. The company’s flagship Premier Project is a near-term high-grade advanced exploration project with large upside potential. With an experienced and highly regarded major shareholder, coupled with an experienced and successful exploration team, Ascot is poised to be the next Golden Triangle producer.
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Cautionary Statement Regarding Forward-Looking Information
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation; statements regarding the exploration and mineralization potential of the Premier property, are forward-looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from Ascot’s expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Ascot does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.