Asante Gold Secures US$100 Million Private Placement

Asante Gold (TSE:ASE) has released an update.

Asante Gold Corporation has announced a significant US$100 million equity financing deal through a non-brokered private placement of its common shares, which will be completed in three separate tranches. The proceeds are intended to support the company’s growth, including initiatives at the Bibiani and Chirano mines, as well as allowing for potential acquisitions and the refinancing of liabilities. Additionally, Asante is progressing with a bond program in Ghana and is working towards an amended repayment agreement with Kinross Gold Corporation.

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