Press Release - MINING COM mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
Share:
VANCOUVER, British Columbia, March 16, 2021 (GLOBE NEWSWIRE)
Asante Gold Corporation (CSE:ASE, OTC:ASGOF) ( Asante or the Company ) announces a private placement to accredited and exempt investors (the Private Placement ) of up to 33,333,333 units at CAD$0.15 per unit (each a Unit ), for gross proceeds of up to CAD$5.0 million.
Each Unit will consist of one common share of the Company (a Common Share ), and one Common Share purchase warrant (a Warrant ). Each Warrant will entitle the holder to purchase one additional Common Share at an exercise price of CAD$0.25 at any time during the 24 months following the closing date. The Company is relying on exemptions from the prospectus requirements and applicable securities laws to issue the shares. All securities purchased under this offering will be subject to a four month and one day hold period. Directors and officers of the Company may participate in the private placement. Proceeds from the placement will be use
Asante Gold Exploration Update – Options Announced
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
VANCOUVER, British Columbia, Dec. 21, 2020 (GLOBE NEWSWIRE)
Asante Gold Corporation (CSE:ASE/
FRANKFURT:1A9/U.S.OTC:ASGOF) (“Asante” or the Company ) are pleased to announce we are nearing the completion of our previously announced program of trenching and auger drilling of the Kubi 513 zone, with laboratory results now expected in Q1 2021.
In addition, a program of induced polarization (IP) geophysics has been completed on our Fahiakoba concession and significant anomalies have been recorded, such that plans are now being drawn up for a follow up drill program in Q1 2021, as are the delineation of new targets at Kubi.