- 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.