Search

Asante Gold Raises C$136 Million in Strategic Equity Financing

Asante Gold
  • Private placement aims to support mine development and debt refinancing
  • Funds will also explore acquisition opportunities and enhance operational growth

Accra, Ghana – Asante Gold Corporation in Ghana has announced a strategic equity financing agreement that will inject C$136 million (US$100 million) into the company’s growth and development. The financing deal will be conducted via a private placement, where the company will sell 90,666,667 common shares at a price of C$1.50 per share. The deal is expected to provide critical funding to advance Asante’s operational and expansion goals, including further development of its Bibiani and Chirano gold mines in Ghana.

You need an active subscription to continue reading this article.

Recent Business

breaking_news
Rwanda Inflation Slows, but Conflict in Congo Poses Economic Risks
Read More »
breaking_news
Egypt’s Inflation Cools for Third Consecutive Month
Read More »
Cellphone with webpage of African bank Ecobank Transnational Inc. on screen in front of business logo. Focus on center of phone display
Ecobank Partners With XTransfer to Enable African Businesses to Pay for Chinese Imports in Local Currency
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights