Thu Sep 19 08:01:16 UTC 2024: ## Ascot Resources Secures Extension on Debt Obligations, Continues Talks with Creditors
**VANCOUVER, British Columbia – September 19, 2024** – Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) announced today that it has secured an extension on its debt obligations, allowing the company more time to negotiate with its creditors.
The Secured Creditors, including Sprott Private Resource Streaming and Royalty (B) Corp. and Nebari Gold Fund 1, LP, have agreed to extend the waiver and forbearance agreements until October 31, 2024. These agreements relate to certain pre-existing defaults and potential future defaults under the purchase and sale agreements, credit agreement, and cost overrun credit agreement.
This extension will allow Ascot to continue discussions with its Secured Creditors regarding the company’s future plans for the Premier Gold Mine, which began production in April 2024. The company is committed to developing the mine and ensuring its long-term success.
Ascot Resources is a Canadian mining company headquartered in Vancouver, British Columbia. The company is the 100% owner of the Premier Gold Mine, located on Nisga’a Nation Treaty Lands in the Golden Triangle region of northwestern British Columbia.
The company will continue to provide updates to investors as they become available.
First Piper 