Source: Asante Gold Corp.
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  • Asante Gold (ASE) has announced a private placement of up to US$50,000,000
  • The offering is expected to close on or about February 9, 2023
  • Net proceeds will be used for the exploration and development of the company’s mineral properties and for general corporate working capital purposes
  • Asante is a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana
  • Asante Gold Corporation (ASE) is down 9.57 per cent on the day, trading at C$1.70 per share at 3:15 pm ET

Asante Gold (ASE) has announced a private placement of up to US$50,000,000.

Clarus Securities Inc. will act as Lead Agent on behalf of a syndicate of agents. 

Under the offering, the company will issue shares priced at C$1.80.

The offering is expected to close on or about February 9, 2023.

The securities issued under the offering will be subject to a statutory four-month hold period.

Net proceeds will be used for the exploration and development of the company’s mineral properties and for general corporate working capital purposes.

Asante is a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana. Asante is currently operating the Bibiani and Chirano Gold Mines with a combined forecast production of 400,000 ounces of gold for 2023.

Asante Gold Corporation (ASE) is down 9.57 per cent on the day, trading at C$1.70 per share at 3:15 pm ET.


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