- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Asante Gold Corp. (CSE:ASE) has closed the third and final tranche of a private placement originally announced on Sept. 22, 2016. The company raised a total of $1,250,006 by the issuance of 6,944,477 units at 18 cents per unit. Each unit consists of one common share and one-half of a share purchase warrant. Each whole …
Asante Gold Corp. (CSE:ASE) has closed the third and final tranche of a private placement originally announced on Sept. 22, 2016.
The company raised a total of $1,250,006 by the issuance of 6,944,477 units at 18 cents per unit. Each unit consists of one common share and one-half of a share purchase warrant. Each whole share purchase warrant is exercisable to acquire an additional common share for a two-year period from the date of issuance at a price of 25 cents per share.
The company paid total finders’ fees of $18,210 and issued 112,055 broker warrants, carrying the same terms and conditions as the warrant comprising the units.
Proceeds from the private placement will be used for general working capital, including drilling and other work programs on the company’s Keyhole, Betenase, Fahiakoba and Kubi projects in Ghana. All securities purchased under this offering will be subject to a four-month-and-one-day hold period.
Asante and BXC Company Ghana Ltd. have agreed to form a 50:50 joint venture to develop the Kubi mining leases in Ghana as a potential near-term underground mine. Asante is exploring the Keyhole, Fahiakoba and Betenase concessions, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle.
About Asante Gold Corp.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.