Sedgman To Make A$1m Strategic Investment In Ascot Resources

Ascot ResourcesUncategorised

KEY HIGHLIGHTS

  • Listed global mineral processing and infrastructure solution provider Sedgman Limited to make A$1 million strategic investment in Ascot Resources Limited.
    > Equity-based funding of A$500,000 in the form of share placement at $0.10 per share, a 100% premium to the last traded price of $0.05.
    > A$500,000 unsecured loan note issued on similar terms as loan notes issued to specialist mining investor Resource Capital Fund V L.P. (RCF) and Ascot founder and Non-Executive Director Paul Kopejtka.
  • Ascot and Sedgman to explore opportunities to grow respective businesses in Colombia.
  • Sedgman to nominate a director to the Board of Ascot.

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Sedgman To Make A$1m Strategic Investment In Ascot Resources