Issue of shares pursuant to satisfaction of Titiribi project milestone 1
Ascot Resources Limited (ASX: AZQ) (Ascot or the Company) wishes to confirm that the Milestone 1Deferred Consideration criteria – agreed between Ascot and the vendor at the time of purchase of the Titiribi Coal Project and approved by shareholders at Ascot’s 2012 AGM – was satisfied in accordance with its terms. As such, Ascot will shortly be issuing 9,500,000 fully paid ordinary shares to Ascot Equities Pty Ltd or its nominees.
Issue of shares pursuant to satisfaction of Titiribi project milestone 1
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