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Asante Gold Corporation (CSE:ASE) announced it has closed off subscriptions to the non-brokered private placement previously announced on September 4, 2015.
Asante Gold Corporation (CSE:ASE) announced it has closed off subscriptions to the non-brokered private placement previously announced on September 4, 2015.
As quoted in the press release:
The company will issue 650,000 units at a price of 15 cents per unit for gross proceeds of $97,500. Each unit consists of one common share and one-half of a transferable common share purchase warrant. Each full warrant will be exercisable into one common share of the company at a price of 30 cents for a period of two years with a provision that, should the shares trade on the Canadian Stock Exchange at 35 cents or higher for 20 consecutive trading days, the warrantholder would have 30 days to exercise the warrant or they would expire. Proceeds from the placement will be used for general working capital purposes. No finder’s fees or commissions are payable in respect to this placement. The shares and warrants to be issued are subject to a four-month hold period.
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