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Ascot Sources Ltd. (TSXV: AOT.H; OTCID: AOTVF) (” Ascot ” or the ” Firm “) declares that the efficient date for the beforehand introduced share consolidation (the ” Consolidation “) will probably be December 16, 2025. As outlined within the Firm’s information launch dated October 23, 2025, the Consolidation will probably be performed on the premise of (50) pre-consolidation widespread shares (the ” Pre-Consolidation Shares “) for one (1) post-consolidation widespread share (the ” Publish-Consolidation Shares “). The Consolidation is an element of a bigger restructuring course of, together with a rights providing, the Consolidation, a bridge financing and a personal placement.
The Publish-Consolidation Shares are scheduled to start buying and selling on NEX Board (the ” NEX “) of the TSX Enterprise Change (the ” TSX-V “) on the market open on December 16, 2025, below the present image “AOT.H”. Following the Consolidation, the brand new CUSIP quantity for the widespread shares will probably be 04364G783 and the brand new ISIN quantity will probably be CA04364G7839. There will probably be no title change in affiliation with the Consolidation.
No fractional shares will probably be issued because of the Consolidation. Any fractional curiosity in shares ensuing from the Consolidation that’s lower than 0.5 of a standard share will probably be rounded right down to the closest complete share and any fractional curiosity in widespread shares ensuing from the Consolidation that’s 0.5, or larger, of a standard share will probably be rounded as much as the closest complete share. In all different respects, the Publish-Consolidation Shares can have the identical attributes because the Pre-Consolidation Shares. Following the Consolidation, the Firm’s 1,487,580,162 widespread shares at the moment issued and excellent will probably be roughly 29,751,603 widespread shares issued and excellent, not accounting for the closing of a rights providing on a pre-consolidated foundation.
The train or conversion worth and the variety of widespread shares issuable below any of the Firm’s excellent warrants, inventory choices and convertible debentures, as relevant, will probably be proportionately adjusted to replicate the Consolidation in accordance with their respective phrases.
The Consolidation was accredited by the shareholders of the Firm in accordance with part 7.1 of Coverage 5.8— Issuer Names, Issuer Identify Modifications, Share Consolidations and Splits and by the board of administrators of the Firm in accordance with the Enterprise Firms Act ( British Columbia ) and the Articles of the Firm.
The Firm’s switch agent, Computershare Investor Providers Inc. (” Computershare “), will mail a letter of transmittal to registered shareholders of the Firm offering directions on exchanging Pre-Consolidation Share certificates for Publish-Consolidation Share certificates or Direct Registration System (DRS) advices. Shareholders are inspired to ship their share certificates, along with their letter of transmittal, to Computershare in accordance with the directions within the letter of transmittal. Till surrendered, every share certificates (or DRS recommendation) representing Pre-Consolidation Shares will probably be deemed to characterize the variety of complete Publish-Consolidation Shares to which the shareholder is entitled because of the Consolidation.
The Consolidation stays topic to the ultimate approval of the TSX-V. Further particulars relating to the Consolidation will be discovered within the Firm’s information launch dated October 23, 2025 accessible below the Firm’s profile on SEDAR+ at www.sedarplus.ca .
The TSX-V has neither accredited nor disapproved the content material of this press launch. Neither the TSX-V nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX-V) accepts duty for the adequacy or accuracy of this launch.
On behalf of the Board of Administrators of Ascot Sources Ltd.
James A. (Jim) Currie
CEO and Director
For additional data contact:
E mail: information@ascotgold.com
Cellphone: 778-725-1060
About Ascot
Ascot is a Canadian mining firm headquartered in Vancouver, British Columbia, and its shares commerce on the NEX below the ticker AOT.H and on the OTCID below the ticker AOTVF. Ascot is the 100% proprietor of the Premier Gold mine which is situated on Nisga’a Nation Treaty Lands, within the prolific Golden Triangle of northwestern British Columbia.
For extra details about the Firm, please discuss with the Firm’s profile on SEDAR+ at www.sedarplus.ca or go to the Firm’s web page at www.ascotgold.com.
Cautionary Assertion Concerning Ahead-Wanting Info
All statements and different data contained on this press launch about anticipated future occasions could represent forward-looking data below Canadian securities legal guidelines (” forward-looking statements “). Ahead-looking statements are sometimes, however not all the time, recognized by means of phrases akin to “search”, “anticipate”, “consider”, “plan”, “estimate”, “anticipate”, “focused”, “outlook”, “on monitor” and “intend” and statements that an occasion or end result “could”, “will”, “ought to”, “might”, “would” or “would possibly” happen or be achieved and different related expressions. All statements, aside from statements of historic reality, included herein are forward-looking statements, together with statements in respect of the phrases and circumstances of the Consolidation; the power of the Firm to perform its enterprise aims and the intentions described herein; and future plans, growth and operations of the Firm. These statements contain identified and unknown dangers, uncertainties and different components that will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements, together with uncertainty referring to the closing of the Consolidation, delays in acquiring or failure to acquire required approvals to finish the Consolidation; the uncertainty related to estimating prices to completion of the Consolidation; dangers referring to destructive working money flows of the Firm; whether or not the rights providing, non-public placement and Consolidation will probably be accomplished on the phrases described or in any respect; enterprise and financial circumstances within the mining business typically; fluctuations in commodity costs and foreign money change charges; environmental compliance; dangers associated to excellent debt; uncertainty of estimates and projections referring to growth, manufacturing, prices and bills, and well being, security and environmental dangers; uncertainties referring to interpretation of drill outcomes and the geology, continuity and grade of mineral deposits; the necessity to get hold of further financing to finance operations and uncertainty as to the supply and phrases of future financing; social media and fame; destructive publicity; human rights; enterprise aims; scarcity of personnel; well being and security; the potential of delay in future plans and uncertainty of assembly anticipated program milestones; claims and authorized proceedings; data techniques and cyber safety; inside controls; violation of anti-bribery or corruption legal guidelines; competitors; tax concerns; compliance with itemizing requirements; enforcement of civil liabilities; financing requirement dangers; market worth volatility of widespread shares; uncertainty as to well timed availability of permits and different governmental approvals; the necessity for change approval, and different regulatory approvals and different threat components as detailed once in a while in Ascot’s filings with Canadian securities regulators, accessible on Ascot’s profile on SEDAR+ at www.sedarplus.ca together with the Annual Info Type of the Firm dated March 24, 2025 within the part entitled “Threat Elements”. Ahead-looking statements are primarily based on assumptions made with regard to: the completion of a rights providing below sure thresholds, together with the estimated prices thereof; the estimated prices related to the care and upkeep plans; the tax charge relevant to the Firm; future commodity costs; the grade of mineral sources and mineral reserves; labor and supplies prices rising on a foundation in step with the Firm’s present expectations, the power of the Firm to transform inferred mineral sources to different classes; the power of the Firm to cut back mining dilution; the power to cut back capital prices; the power of the Firm to lift further financing; foreign money change charges being roughly in step with present ranges, compliance with the covenants in Ascot’s credit score agreements; exploration plans; and basic advertising, political, enterprise and financial circumstances. Ahead-looking statements are primarily based on estimates and opinions of administration on the date the statements are made. Though Ascot believes that the expectations mirrored in such forward-looking statements and/or data are cheap, undue reliance shouldn’t be positioned on forward-looking statements since Ascot can provide no assurance that such expectations will show to be appropriate. Ascot doesn’t undertake any obligation to replace forward-looking statements, aside from as required by relevant legal guidelines. The forward-looking data contained on this information launch is expressly certified by this cautionary assertion.
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