|By Marketwired .||
|July 4, 2014 11:13 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/04/14 -- On March 26, 2013 the Company announced that the U.S. Forest Service had denied an appeal brought by the Portland, Oregon based Gifford Pinchot Task Force of the U.S. Forest Service's Decision Notice and Finding of No Significant Impact for Ascot USA Inc.'s two prospecting permits on the Mt. Margaret property in the St. Helens Mining District of Washington State. The Gifford Pinchot Task Force subsequently took the Bureau of Land Management and the U.S. Forest Service to court. On July 3, 2014 the Judge issued his ruling, a complete copy of the ruling is available on the web. Ascot (TSX VENTURE:AOT) is disappointed with the ruling as it delays the project start. The Company will be consulting with the government's lawyers and its own lawyers as to the best way forward.
Drilling on the Company's flagship project, the Dilworth/Premier, near Stewart, BC commenced for the season in June 2014 and the Company expects to announce the first set of results next week.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ASCOT RESOURCES LTD.
"John A. Toffan", President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
Neither the TSX Venture Exchange nor its Regulation Service Provider( as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Cautionary Statement Regarding Forward-Looking Information
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements including statements in respect of anticipated closing of the private placement and the expected use of proceeds. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.
Ascot Resources Ltd.