VANCOUVER, British Columbia, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Ascot Resources Ltd (TSX.V:AOT) (“Ascot” or the “Company”) is pleased to announce the appointment of Mr. Bill Bennett to the Ascot Board of Directors (the “Board”) effective immediately. Mr. Bennett was a government MLA in British Columbia for 16 years in the Riding of Kootenay East. In addition to holding portfolios for Local Government and Tourism, Mr. Bennett was named BC Mines Minister three separate times over his 16 years.
Mr. Bennett has a BA from the University of Guelph and a law degree from Queen’s University. He was elected for the first time in 2001. Mr. Bennett is known across Canada for his knowledge of the mining industry in BC. He led the BC government’s efforts over many years to restore BC’s competitiveness for exploration investment, including having improved the BC Ministry of Energy & Mines permitting process and helping to launch BC’s First Nations mine revenue sharing program. There are few people in Canada who have such a strong combined knowledge of government processes, of the mining industry and of First Nations. Mr. Bennett also sits on the Board of Directors of Kutcho Copper Corp. and Eagle Plains Resources Ltd.
Derek White, President & CEO, commented, “We are thrilled that Mr. Bennett has joined the Board of Ascot; his knowledge and expertise of the mining industry in British Columbia is unparalleled and we look forward working with him as part our board.”
In addition, the Company has granted a total of 350,000 incentive stock options to various directors of the Company. The stock options were granted on February 1, 2018 with an exercise price of $1.37 per share for a five-year period from the date of grant.