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Asante Gold Closes Previously Announced Non-Brokered Private Placement
Asante Gold raised C$13.8 million from issuing 8.6 million shares to a related party to fund development at its Bibiani and Chirano mines in Ghana.
- On Jan. 30, 2026, Asante Gold Corporation announced the closing of a non-brokered private placement issuing 8,625,000 Common Shares at C$1.60 for gross proceeds of C$13,800,000.
- The Offering was classified as a related‑party transaction under MI 61‑101, relying on sections 5.5 and 5.7 of MI 61‑101, and exempt from valuation and shareholder approval.
- The net proceeds will be directed to development at the Bibiani and Chirano mines, funding growth expenditures and working capital while Asante continues technical studies at the Kubi Gold Project on the Bibiani and Ashanti Gold Belts.
- The issued Common Shares carry a four‑month statutory hold expiring on May 31, 2026, the Offering still awaits final acceptance from the TSX Venture Exchange , and the shares were not registered for sale under the United States Securities Act of 1933 to U.S. persons.
- The news release included a cautionary note that forward‑looking statements relate to the use of proceeds and obtaining approvals, including final TSXV acceptance, and directs readers to SEDAR+ for disclosure.
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Asante Gold Completes Final Tranche of Capital Raising Programme
News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/asante-gold-completes-final-tranche-of-capital-raising-programme/Asante Gold Corporation closed its non brokered private placement on January 30, 2026, issuing 8.625 million common shares to Executive Chairman Malik Easah for gross proceeds of 13.8 million Canadian dollars, completing the final component of a massive capital mobilization drive tha…
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