Asante Gold Corp

Die beste Aktie des letzten Jahres

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Die 2 Dollar werden bald fallen. Produktion startet, gold bei 2000 Dollar.

ASANTE GOLD ANNOUNCES US$100 MILLION FINANCING FOR IMMEDIATE RELEASE Vancouver, British Columbia, February 16, 2022 – Asante Gold Corporation (CSE: ASE/ FRANKFURT: 1A9/U.S.OTC: ASGOF) (“Asante” or the “Company”) is pleased to announce that it has received significant investor interest in a private placement of common shares of the Company to raise up to US$100 million at a price of CAD$1.75 per common share. All securities issued will be subject to a four month and one day hold period under Canadian securities legislation. Closing is expected by February 18, 2022. Emiral Resources Limited (“Emiral”), which currently holds approximately 19.6% of the Company’s outstanding common shares, has indicated that it intends to participate in the Offering at a level sufficient to maintain its current percentage shareholding in the Company. Emiral is considered a “related party” of the Company and, accordingly, it’s subscription will constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Emiral subscription will be exempt from the minority approval requirement of Section 5.6 and the formal valuation requirement of Section 5.4 of MI 61-101 as neither the fair market value of the Emiral subscription, nor the fair market value of the consideration for the Emiral subscription, will exceed 25% of the Company’s market capitalization. A material change report in connection with the Emiral subscription will be filed less than 21 days before the closing of the Offering. This shorter period is reasonable and necessary in the circumstances as the Company wishes to complete the Offering in a timely manner. Funds will be used for working capital, including the payment of the second US$30 million payment to Resolute Mining Limited for the Bibiani Mine acquisition, initial mine development costs at the Bibiani Mine, and for other potential opportunities. "Douglas R. MacQuarrie" President & CE