Asante Gold Corp.

After review, the Board of Directors, in consultation with its legal and financial advisors, has determined that the Non-Binding Expression of Interest is not in the best interests of Asante or its shareholders The Company intends to continue pursuing financing alternatives VANCOUVER, British Columbia, April 20, 2023 -- Asante Gold Corp. announced that it has received an unsolicited, non-binding and conditional expression [...]

Asante Gold Corp. is pleased to announce that it has completed its previously announced non-brokered placement of approximately C$27 million pursuant to which the Company issued a total of 18,232,000 units of the Company to a major institutional investor . Each Unit was sold at a price of C$1.50 and was comprised of one common share in the capital of the Company and one common share purchase warrant of the Company . Each [...]

Asante Gold Corp. is pleased to announce additional results from its ongoing exploration drilling program at the Aboduabo prospect located on our Bibiani - Chirano mines corridor, Sefwi Greenstone Belt, Ghana. The Company announced initial exploration results at Aboduabo on January 17 and February 8, 2023. From the start of exploration by Asante, 50 drill holes totaling 11,950m have been completed. These are focused on [...]

Asante Gold Corp. is pleased to announce that is has entered into an agreement with a major institutional investor, pursuant to which Asante will sell, on a non-brokered private placement basis, 18,232,000 units of the Company at a purchase price of C$1.50 per Unit for aggregate gross proceeds of C$27,348,000 . Each Unit will be comprised of one common share in the capital of the Company and one common share purchase [...]

Asante Gold Corp. announces the appointment of David Anthony, Chief Executive Officer of Asante, and Edward Nana Yaw Koranteng, Chief Executive Officer of Minerals Income Investment Fund , to the Company's board of directors and the resignation of Nadia Abdul Aziz as a director of the Company, all with immediate effect. Douglas MacQuarrie, Chair of the Board, stated, "The Board will derive significant benefit from these [...]

Asante Gold Corp. today announced that it has amended the terms of a share purchase and sale agreement dated April 24, 2022, as amended , among the Company, KG Africa B.V. , an indirect subsidiary of Kinross Gold Corp. , and Kinross, pursuant to which, among other things, the Company acquired on August 10, 2022 all of the issued and outstanding shares in the capital of Red Back Mining Pty Ltd , which indirectly holds a [...]

Asante Gold Corp. is pleased to announce results from its ongoing exploration drilling program at the Aboduabo prospect located on our Bibiani - Chirano mines corridor, Sefwi Greenstone Belt, Ghana. The Sefwi Greenstone Belt is host to historically significant gold mining operations including our Bibiani and Chirano mines which have produced +8Moz to date from shear faults and veins. Asante controls a 53km long by up to [...]

Asante Gold Corp. today announced that it has entered into an agreement with Clarus Securities Inc. as Lead Agent, on behalf of a syndicate of agents , in connection with a "best efforts" private placement of up to US$50,000,000 at C$1.80 per share . The Offering is expected to close on or about February 9, 2023, and is subject to a number of closing conditions including, but not limited to, the receipt of all necessary [...]

Asante Gold Corp. announces a 20.7% increase in average monthly gold production for November and December 2022, as compared with the prior two months, from its Bibiani Gold Mine and Chirano Gold Mine in Ghana. Highlights Continued its record of no lost time from injuries Consolidated preliminary gold production of 23,760 and 24,180 ounces respectively for November and December Completed final US$30 million deferred [...]

Asante Gold Corp. is pleased to announce results from its ongoing exploration drilling program at the South Russel and Aboduabo prospects located on our Bibiani - Chirano mines corridor on the Sefwi Greenstone Belt in Ghana. The Sefwi Greenstone Belt is host to significant gold mining operations including the Bibiani and Chirano mines which have produced +8Moz to date. Asante controls 53 km strike length of the corridor [...]