Currently viewing Global edition

Ascot's IDM buy to create new BC Golden Triangle leader

Vancouver-based juniors Ascot Resources (TSXV:AOT) and IDM Mining (TSXV:IDM) have signed a definitive arrangement agreement under which Ascot will acquire all of the issued and outstanding common shares of IDM.

Ascot's IDM buy to create new BC Golden Triangle leader Ascot's IDM buy to create new BC Golden Triangle leader Ascot's IDM buy to create new BC Golden Triangle leader Ascot's IDM buy to create new BC Golden Triangle leader Ascot's IDM buy to create new BC Golden Triangle leader

Ascot Resources has launched a friendly bid to buy IDM Mining for its development-stage Red Mountain project

Underpinning the transaction is the high-grade development-stage resources at IDM's Red Mountain project, which got its provincial environmental assessment certificate in October 2018.