Asante Gold Corp. announces that following a period of detailed review, Harlequin International has been mobilized to initiate the refurbishment of our 3Mtpa Bibiani Mine Processing Plant. Harlequin is a locally owned company based in Takoradi, Ghana. Since 1998 Harlequin has become a byword for quality in heavy industry within Ghana and internationally. Harlequin practices recognized standards for construction [...]
Asante Gold Corp. , is pleased to announce the successful completion of the purchase of the Bibiani Gold Mine in Ghana from Resolute Mining Ltd. for total cash consideration of US$90 million . Resolute has received the initial US$30 million cash payment from Asante with the balance of consideration payable in two equal instalments of US$30 million on or before six and twelve months following closing. Given the successful [...]
Asante Gold Corp. , has issued 74,650,000 subscription receipts priced at $1 per subscription receipt to raise gross proceeds of $74,650,000. A further 1,593,000 subscription receipts were issued with respect to finder's fees. On closing of the previously reported Bibiani Mine transaction, now expected to occur on August 19, 2021, the 74,650,000 subscription receipts will automatically convert, without payment of any [...]
Asante Gold Corp. announces that the Company has granted 6.9 million incentive stock options at $0.75 per share for a term of 5 years to directors, consultants and employees. "Douglas R. MacQuarrie" President and CEO About Asante Gold Corporation Asante is a pure gold exploration and development company with a high-quality portfolio of projects in Ghana, Africa's largest and safest gold producer. Asante is focused on [...]
Asante Gold Corp. announces that it has recruited an industry proven operations leadership team that is tasked with expanding the resources and fast tracking the development of the Bibiani Gold Mine to production within the next year. New Management Team Dave Anthony: Chief Operating Officer A resident of Canada, Mr. Anthony holds a BSc Mining Engineering from Queen's University. He has +40 years' international experience [...]
Asante Gold Corp. , to clarify our Press Release dated August 4, 2021, announces that it has accepted Subscription Receipts from accredited investors for C$80,000,000 at a price of C$0.70, which on completion will convert to 118,857,143 Asante common shares. A finder's fee of 4% of the total subscription receipts is payable in shares. No new control blocks will be created as a result of this financing. We are also happy [...]
Asante Gold Corp. announces that the Company has entered into an agreement with Resolute Mining Ltd. to purchase 100% of their Bibiani Gold Mine in Ghana. Highlights Asante has agreed to buy all of Resolute's interest in Bibiani, through the purchase of 100% of the shares in Mensin Bibiani Pty Ltd., by paying to Resolute total cash consideration of US$90 million, payable as follows: US$30 million initial payment ; and [...]
Asante Gold Corp. announces that the Government of Ghana has granted the Company a Forest Access permit which covers all forest areas within our Kubi mining lease. A resource infill drilling and deep resource expansion exploration program has commenced. The objective of the drill program, of up to 7,000m of RC and diamond drilling, is to fill in gaps in the current *Kubi Main Zone NI 43-101 resource model. In particular [...]
Asante Gold Corp. is pleased to announce the appointment of two internationally renowned mineral consultants to our mine development and exploration teams. Mr. Dave Anthony has been appointed as a Senior Project Development Consultant to the Board. Mr. Anthony has +40 years' experience in mining and mineral processing mostly gained at the senior management & executive levels in gold process plant design, permitting [...]
Asante Gold Corp. is pleased to announce that Metso Outotec has been engaged as a Principle Project Development Partner to complete a preliminary capital and operating cost estimate on treatment options for processing of free-milling gold from our Kubi Gold Project in Ghana. Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the minerals processing, metals refining and [...]
Asante Gold Corp. is pleased to report that it has received notice from the Minerals Commission of Ghana that eight highly prospective concessions covering approximately 314 km2 have been recommended for transfer to Asante. These licenses are comprised of the Diaso , Juabo , Manhia , Dunkwa Gyimigya , Gyimigya , Agyaka Manso , Amuabaka and Nkronua-Atifi prospecting licenses . All licenses are being acquired, on an as [...]
Asante Gold Corp. announces that it has closed the private placement announced on March 16, 2021, for aggregate gross proceeds of $7,016,265. A total of 47,710,602 units at a price of $0.15 per unit were placed with twenty-four subscribers, including 935,502 units which were placed with an arm's length finder. Malik Easah, an Executive Director of the Company, purchased 3,333,333 units in the offering, representing 4.68 [...]
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