Issue of shares pursuant to satisfaction of Titiribi project milestone 1

Ascot ResourcesUncategorised

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.

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Issue of shares pursuant to satisfaction of Titiribi project milestone 1