Source: Asante Gold.
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  • Asante Gold Corporation (ASE) has announced a private placement to raise up to US$100 million
  • Common shares will be priced at C$1.75
  • The offering is expected to close by February 18
  • Funds will be used for working capital, initial mine development costs at the Bibiani Mine and for other potential opportunities
  • Asante Gold is a Vancouver-based gold exploration and development company
  • Asante Gold Corporation (ASE) opened trading at C$1.52 per share

Asante Gold Corporation (ASE) has announced a private placement to raise up to US$100 million.

Common shares will be priced at C$1.75.

The offering is expected to close by February 18, 2022.

Funds will be used for working capital, including the payment of the second US$30 million payment to Resolute Mining Limited for the Bibiani Mine acquisition, initial mine development costs at the Bibiani Mine, and for other potential opportunities.

Asante Gold is a Vancouver-based gold exploration and development company focused on developing gold projects in Ghana.

Asante Gold Corporation (ASE) opened trading at C$1.52 per share.

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