SURREY, BRITISH COLUMBIA--(Marketwired - Feb. 21, 2014) - Ascot Resources Ltd. (the "Company") (TSX VENTURE:AOT) is pleased to announce that it has entered into a consulting agreement with Transcend Resources Group ("Transcend") to provide investor relation services, subject to regulatory and TSX Venture Exchange approval. Transcend will initiate and maintain contact with the financial community, and investors in North America and Europe for the purpose of increasing awareness of the Company and its activities.
The initial term of the agreement between the Company and Transcend is for a one year period subject to renewal or earlier termination by either party under the terms of the agreement. Transcend will receive a monthly fee of $5,000 over the course of the agreement. In addition, subject to regulatory approval, Transcend will be granted 200,000 options at a price of $1.04. The stock options will vest quarterly over the next twelve months, and expire five years from the date of the agreement.
About Transcend Resources Group
Transcend Resources Group is a Vancouver-based full-service investor relations company that assists micro, small and mid-cap public companies with market awareness campaigns and helps them gain valued industry exposure through their large network of retail and institutional clients.
ON BEHALF OF THE BOARD OF DIRECTORS OF ASCOT RESOURCES LTD.
John A. Toffan, President and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.