An equity financing arrangement between Asante Gold Corporation and a strategic investor has been disclosed.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Asante Gold Corporation has announced an equity financing agreement with a strategic investor, involving the sale of 90,666,667 common shares at C$1.50 per share for total gross proceeds of C$136 million (approximately $100 million).

This financing will occur through a non-brokered private placement and will be executed in three tranches: $25 million on October 15, 2024, $35 million on November 14, 2024, and$40 million on December 5, 2024, pending regulatory approvals, including the Canadian Securities Exchange.

Source: newsthemegh.com