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

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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

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