Ascendant Resources Inc. announced that it has announced a non-brokered private placement of 34,700,000 common shares at a price of CAD 0.08 per unit for gross proceeds of CAD 2,776,000 on December 7, 2023. The Company expects to close the Offering on or about December 15, 2023, and may elect to close the Offering in one or more tranches. The Offering is subject to customary conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange, as well as the satisfaction of other customary closing conditions.

The common shares will be offered on a private placement basis pursuant to the accredited investor.