Ascendant Resources Concludes Second Tranche of Private Placement

Ascendant Resources, Inc. (TSX:ASND) announced the closure of its second and final tranche of a private placement with Sprott Streaming. The arrangement allows Sprott to acquire over 20% of Ascendant's outstanding common shares. This development satisfies US$927,971.94 in accrued interest obligations through the issuance of 17,675,656 common shares priced at C$0.0525 each.

These shares, issued as part of the recent tranche, are subject to a four-month holding period. They are not registered under the U.S. Securities Act of 1933, so they cannot be sold in the U.S. unless exempted. Ascendant's previous releases provide additional private placement details, accessible on SEDAR+.