Asante Gold announces the approval and adoption by its Board of Directors of an Advance Notice Policy. The purpose of the Policy is to provide shareholders, Directors and management of the Company with a clear framework for nominating directors of the Company. The Company is committed to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all [...]
Asante Gold would like to update its shareholders with respect to the announced acquisition of a 1% NSR royalty interest on the Obotan Gold Mine project in Ghana, published on November 12, 2012. The royalty holder, Goknet Mining Company Limited, of Accra has informed the Company that it has not yet received the necessary third party consent to the assignment of the Royalty and that it will take all actions necessary to [...]
Asante Gold announces that Douglas MacQuarrie, directly and indirectly has acquired 1,000,000 common shares by the exercise of warrants at a price of $0.25 per share. The shares were purchased for investment purposes. Following the above-mentioned transactions, Douglas MacQuarrie beneficially owns, directly or indirectly, 4,474,000 common shares; 250,000 share purchase warrants and 300,000 stock options, which upon [...]
Asante Gold has reached agreement with Goknet Mining Company Limited, of Accra, to purchase a 1% NSR royalty Goknet holds on PMI Gold Corporation's Obotan Gold Project in Ghana. The Royalty is being purchased for a deemed consideration of $22.5 million consisting of the issuance of 45 million shares in the capital stock of the Company at a deemed value of $0.50 per share. Closing of the Royalty purchase by the Company [...]
Asante Gold has received final assays from a 1,200 hole soil auger program on the Fahiakoba concession in Ghana, West Africa. Drilling has now commenced, targeting six anomalous gold trends in the north eastern part of the concession. The targets have strike lengths from 200 metres to 600 metres and are co-incident with structural "breaks" that have been interpreted from airborne and ground geophysical surveys. Gold [...]
Asante Gold announces that the second phase of its initial 5,000 metre diamond drill program on the Fahiakoba concession in Ghana, West Africa will commence at the end of August. A total of 2,500 metres of drilling in 12 holes is expected to be completed. Drilling will target strike extensions to the recently announced gold discoveries and new targets generated from the completion of ~1,200 auger soil geochemical sample [...]
Asante Gold announces that Douglas MacQuarrie, directly and indirectly has acquired 642,500 common shares through the facilities of the TSX Venture Exchange at prices ranging from $0.175 to $0.50 per share. The shares were purchased for investment purposes. Following the above-mentioned transactions, Douglas MacQuarrie beneficially owns, directly or indirectly, 3,452,500 common shares; 1,250,000 share purchase warrants [...]
Asante Gold has received the balance of drill assays from the first phase of its maiden drill program on the Fahiakoba concession in Ghana, West Africa. Drilling has confirmed the discovery of narrow zones of gold mineralization in 3 of the 14 initial widely spaced drill holes targeting just 1.5 km of the over 20.0 km of favourable shear zones that have been outlined on the concession. These discoveries are generally [...]
Asante is pleased to announce that drilling to test widely spaced geophysical targets on the Fahiakoba concession in Ghana has confirmed the presence of anomalous to highly anomalous gold mineralization. These targets are generally on strike with mineralization noted at Perseus Mining's Edikan mine, which is adjacent and to the southwest of the concession. Partial results from 4 of the 14 diamond drill holes (2,437 [...]
Asante Gold is pleased to announce the appointment of W. E. Jonah and Alan McKerron, consultants, to its Advisory Board, effective immediately. Mr. Jonah, LLB/BA (Hons), also known as Nana Prah Agyensaim VI, was born in Obuasi, Ghana. He is a Graduate of Metropolitan University of City of London and holds LLB/BA (Hons) in Business Law, a Barrister-at-Law and Solicitor of the Supreme Court of the Republic of Ghana. He is a [...]
Douglas MacQuarrie, president, announces that drilling has commenced on the Company's flagship Fahiakoba property in Ghana. The program consists of 5,000 metres of diamond drilling designed to test major structures to the northeast of Perseus' Edikan mine. The structures are in alluvial covered areas and have been outlined by geophysical surveys.
Asante Gold is pleased to announce that it has completed its initial public offering through its agent, Canaccord Genuity. The Offering consisted of 4,000,000 units at a price of $0.50 per unit for gross proceeds of $2,000,000. Each unit comprised one common share and one-half of one transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share until [...]
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