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Tag: Asante Gold

Asante Gold
Mining

Asante Gold plans underground expansion at Bibiani Mine

Asante Gold Corporation has in its Definitive Feasibility Study (DFS) for the…

Kofi Ahovi
Kofi Ahovi
Grasshopper Pit, Asante Gold
Mining

Asante Gold extends Grasshopper Pit Mineral Resource estimate unlocking significant value potential

Asante Gold Corporation has announced a significant extension of the mineral resource…

Kofi Ahovi
Kofi Ahovi
Asante Gold Corporation has entered into an agreement with a major institutional investor to sell 18,232,000 units of the company. The deal which expected to be on a non-brokered private placement basis will go at a purchase price of C$1.50 per unit and expected to raise C$27.34 million. Proceeds from the offering is expected to be used for exploration and development of the its mineral properties and for general corporate working capital purposes. Closing of the offering is expected to occur on or about April 3, 2023, and is subject to a number of closing conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange. A release by the company also noted that the securities to be issued under the Offering would be subject to a four month plus one-day hold period from the date of issue in accordance with applicable securities laws. No commissions or finder’s fees will be paid by the Company in connection with the Offering The release further noted that the company was currently at an advanced stage of securing a senior debt facility to support capital investments and development of its assets. The release also announced that Asante Gold had terminated the brokered private placement financing previously announced on January 23, 2023, due to unfavorable market conditions.
Company/Corporate NewsEconomyGeneral NewsMining

Asante Gold announces C$27 million financing

Asante Gold Corporation has entered into an agreement with a major institutional…

Kofi Ahovi
Kofi Ahovi
Asante Gold, Bibiani mine
Company/Corporate NewsMining

Asante Gold announces commercial gold production from Bibiani mine

Asante Gold Corporation has announced commercial production of the Bibiani gold mine…

Kofi Ahovi
Kofi Ahovi
Chamber of Mines, Asante Gold
Banking and FinanceFinanceGeneral NewsMining

Invest in mining sector – Chamber of Mines CEO Urges Ghanaians

Chief Executive Officer of the Ghana Chamber of Mines, Dr. Sulemanu Koney…

Kofi Ahovi
Kofi Ahovi
Asante Gold, trading, Ghana Stock Exchange
Banking and FinanceFinanceGeneral NewsMining

Asante Gold commences trading on the Ghana Stock Exchange

Asante Gold Corporation has started trading on the Ghana Stock Exchange after…

Kofi Ahovi
Kofi Ahovi
MIIF, Asante Gold
Mining

MIIF pays $20m for part of Asante Gold

The Mineral Income Investment Fund (MIIF) has acquired 3.5 per cent of…

Kofi Ahovi
Kofi Ahovi