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Troubadour Resources - Geoff Schellenberg, President and Director - The Market Herald Canada
Geoff Schellenberg, President and Director
Source: Metals Investor Forum
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  • Asante Gold Corporation (ASE) has closed a private placement for aggregate gross proceeds of C$7,016,265
  • A total of 47,710,602 units at $0.15 per unit were placed with twenty-four subscribers
  • Each unit consists of one common share and one common share purchase warrant
  • Proceeds will be used primarily for the exploration and development of the Kubi, Fahiakoba, Betenase and Keyhole gold projects in Ghana
  • Asante Gold is a Vancouver-based gold exploration and development company focused on developing gold projects in Ghana
  • Asante Gold  Corporation (ASE) is down 2.13 per cent, trading at C$0.23 per share at 2 pm ET

Asante Gold Corporation (ASE) has closed the private placement announced on March 16, 2021, for aggregate gross proceeds of C$7,016,265.

A total of 47,710,602 units at $0.15 per unit were placed with twenty-four subscribers. Malik Easah, an Executive Director of Asante purchased 3,333,333 units, representing 4.68% of the issued shares.

Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional share at  $0.25 until April 15, 2023.

All securities issued under this offering are subject to a four-month and one-day hold period.

Proceeds will be used for working capital, and for the exploration and development of the Kubi, Fahiakoba, Betenase and Keyhole gold projects in Ghana.

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

Asante Gold  Corporation (ASE) is down 2.13 per cent, trading at C$0.23 per share at 2 pm ET.

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