Asante Gold to Raise Up to $50 Million Through Private Placement

Company has entered into agreement with Clarus Securities as lead arranger.

• Placement being offered at C$1.80 per share
• Offering is expected to close on or about February 9, subject to a number of closing conditions including, but not limited to, the receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange
• Company intends to use the net proceeds for exploration and development of the company’s mineral properties and for general corporate working capital purposes

Source: Bloomberg