Latest news with #AsanteGold
Yahoo
5 days ago
- Business
- Yahoo
Asante Announces Receipt of Net Proceeds from $125M Mezzanine, $50M Stream, $10M Non-Brokered Private Placement Financings, $5M Senior Debt First Utilization
VANCOUVER, British Columbia, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE: ASE | GSE: ASG | FRANKFURT:1A9 | OTCQX: ASGOF) ('Asante' or the 'Company') is pleased to announce that, further to its news release dated August 11, 2025 announcing the execution of definitive agreements relating to an approximately $500 million financing package (the 'Financing Package'), the Company has closed and received the net proceeds from the subordinated debt facility in the gross amount of $125 million ('M') (the 'Mezzanine Facility'), the gold stream financing in the gross amount of $50M (the 'Gold Stream') and the non-brokered private placement of common shares in the capital of the Company ('Common Shares') to certain funds advised by Appian Capital Advisory Limited ('Appian') for gross proceeds of $10M (the 'Non-Brokered Private Placement'). All amounts are in U.S. dollars unless otherwise indicated. Pursuant to the Non-Brokered Private Placement, the Company issued 9,484,828 Common Shares to Appian at a price equal to the U.S. dollar equivalent of C$1.45 per Common Share for aggregate gross proceeds to the Company of $10M. The Common Shares issued to Appian are subject to a statutory four month hold period pursuant to applicable Canadian securities laws which will expire on December 14, 2025. In addition, the Company has completed a $5M first utilization of the previously announced senior debt facility of $150M (the 'Senior Debt Facility'). Together with the net proceeds from the previously announced brokered private placement of subscription receipts (including the $53M payment to Kinross Gold Corporation announced on August 12, 2025) and the net proceeds from the Mezzanine Facility, Gold Stream and Non-Brokered Private Placement financings noted above, the first stage of funding of approximately $350 million under the Financing Package has been completed. Further to the Company's news release dated August 11, 2025, a second utilization and the full availability of the remaining $145M capacity under the Senior Debt Facility is anticipated to close by the end of August 2025. For additional information in respect of the Financing Package, including a summary of the terms of the Senior Debt Facility, the Mezzanine Facility and the Gold Stream, please refer to the Company's news release dated August 11, 2025. The Company intends to use the net proceeds of the Financing Package for development and growth expenditures at the Bibiani and Chirano mines, a cash payment to Kinross which was satisfied on August 12, 2025, the retirement of short-term liabilities and for general working capital purposes. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. About Asante Gold Corporation Asante is a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana. Asante is currently operating the Bibiani and Chirano Gold Mines and continues with detailed technical studies at its Kubi Gold Project. All mines and exploration projects are located on the prolific Bibiani and Ashanti Gold Belts. Asante has an experienced and skilled team of mine finders, builders and operators, with extensive experience in Ghana. The Company is listed on the Canadian Securities Exchange and the Ghana Stock Exchange. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana's Golden Triangle. Additional information is available on the Company's website at For further information please contact: Dave Anthony, President & CEOFrederick Attakumah, Executive Vice President and Country DirectorTel: +1 604 661 9400 or +233 303 972 147Email: info@ Cautionary Statement on Forward-Looking Statements Certain statements in this news release constitute forward-looking statements, including, but not limited to the use of proceeds of the Financing Package and the Company's ability to complete all transactions related to the Financing Package. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the Company's inability to complete any or all of the transactions comprising the Financing Package on terms described in this news release or on other terms acceptable to the Company, the Company's inability to receive necessary regulatory approvals in respect of the Financing Package, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its planned activities, the Company's inability to raise the necessary capital or to be fully able to implement its business strategies, and the price of gold. The reader is referred to the Company's public disclosure record which is available on SEDAR+ ( Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the securities exchanges on which the Company is listed, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Asante Gold raises $172m and completes Kinross restructuring
Asante Gold has raised C$237m in proceeds through a private placement and completed the restructuring of its obligations to Kinross Gold. The private placement involved the sale of 163.3 million subscription receipts at C$1.45 each, with the proceeds now released to Asante Gold following the satisfaction of escrow conditions. This move is part of a broader $500m financing package aimed at advancing the company's mining projects. The equity offering is part of the first stage of the financing package, which includes a $125m mezzanine facility, a $50m gold stream, a $10m non-brokered private placement and a $5m draw from the senior debt facility, all expected to close by 15 August 2025. The subscription receipts have been converted into common shares, subject to a four-month statutory hold period applicable to Canadian securities laws, which expires on 8 November 2025. Asante Gold has also granted Appian Capital Advisory 16.2 million non-transferrable common share purchase warrants as part of Appian's advisory role related to $175m of the financing package. These warrants, with an exercise price of C$1.67, are valid until 11 August 2029 and subject to a four-month hold period ending on 12 December 2025. Additionally, as per the Kinross Agreement dated 11 August 2025, Asante Gold has restructured its debts to Kinross by making a cash payment of $53m, issuing 36.9 million common shares and providing an $80m convertible debenture. In connection with the agreement, Kinross has also adjusted its security interests in the Chirano Mine, now subordinate to the senior lenders' security package. The net proceeds from the equity offering and financing package will be used for development and growth at the Bibiani and Chirano mines, the cash payment to Kinross, retiring short-term liabilities and general working capital. This development follows Asante Gold's announcement in January of accelerated operations at the Bibiani Mine, supported by a $100m gold forward sale to support expanded operations. "Asante Gold raises $172m and completes Kinross restructuring" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Zawya
30-07-2025
- Business
- Zawya
Global Investment in African Gold Surges Ahead of African Mining Week (AMW) 2025
Africa – the world's second-largest gold-producing region after China – is seeing a marked increase in gold mining investment in 2025. Driven by strong global demand, favorable prices and vast untapped reserves, international financiers are stepping up support for gold projects across the continent. In June, Canadian firm Asante Gold secured a $470 million financing package from Appian Capital and South Africa's FirstRand Bank to expand the Chirano Mine and advance the Bibiani Project in Ghana – Africa's leading gold producer and the sixth largest globally. Against this backdrop of rising investor appetite, African Mining Week (AMW) 2025, taking place in Cape Town from October 1–3, will feature a dedicated Gold Summit. The Summit will showcase priority gold projects, host high-level discussions and serve as a critical deal-making platform for financiers, mining companies and policymakers, aiming to bridge Africa's gold opportunities with global capital. Several major funding announcements in recent months highlight growing momentum: In June, the Industrial Development Corporation of South Africa extended a $35 million loan to Theta Gold Mines for its $77 million Transvaal Gold Mining Estate in Mpumalanga, South Africa. In May, Africa Finance Corporation provided a €100 million loan to Portuguese firm Mota–Engil Africa to support gold mining infrastructure in Ivory Coast and Mali. Around the same time, China's Zijin Mining launched a gold streaming initiative to raise $200–400 million in FDI for African gold assets – starting with a $125 million investment in Montage Gold's Koné Project in Ivory Coast. Perseus Mining of Australia also made strides in 2025, approving a $124.6 million FID for the Yaouré Underground Mine in Ivory COast and committing $523 million to the Nyanzaga Gold Project in Tanzania. Meanwhile, UAE-based Ambrosia Investment Holding invested $375 million in Allied Gold's expansion in Ethiopia and Mali, acquiring a 50% stake in the process. These funding rounds reflect rising confidence in the future of African gold and the sector's role in the global supply chain. They also underscore the importance of expanding local refining, beneficiation and export capabilities. As investment flows increase, so too does the urgency to build resilient infrastructure, strengthen regulatory frameworks and ensure that host communities benefit from long-term economic gains. At AMW 2025, discussions will address gold-sector financing, investment incentives and strategies for enhancing local value addition. Held under the theme, 'From Extraction to Beneficiation: Unlocking Africa's Mineral Wealth,' the event brings together African stakeholders and global partners to shape the next chapter in the continent's gold mining journey. Distributed by APO Group on behalf of Energy Capital&Power. About AMW: AMW serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@
Yahoo
17-07-2025
- Business
- Yahoo
Asante Begins Trading on the OTCQX Market
VANCOUVER, British Columbia, July 17, 2025 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE: ASE | GSE: ASG | FRANKFURT:1A9 | OTCQX: ASGOF) ("Asante" or the "Company") is pleased to announce that the Company has qualified to trade on the OTCQX® Best Market. Asante's common shares will begin trading today on the OTCQX under the symbol 'ASGOF'. Asante's common shares will continue to trade on the Canadian Securities Exchange under the symbol 'ASE'. Trading on the OTCQX Best Market offers companies efficient, cost-effective access to the U.S. capital markets. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Dave Anthony, President and CEO stated: 'We are pleased that Asante's common shares have been approved for trading on the OTCQX Best Market. This quotation will enhance Asante's visibility within the U.S. investment community and provide U.S. investors with the ability to trade Asante's common shares in US dollars. Along with the Company's application and conditional acceptance for listing the Company's common shares on the TSX Venture Exchange, the OTCQX quotation is a further step in Asante's strategy of diversifying the Company's shareholder base by increasing North American market exposure.' U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on The Company has received conditional acceptance for the listing of the common shares of the Company on the TSX Venture Exchange. Completion of the listing is subject to the satisfaction of certain conditions, including, among others, the completion of the transactions contemplated in the Company's June 17, 2025 news release. About Asante Gold Corporation Asante is a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana. Asante is currently operating the Bibiani and Chirano Gold Mines and continues with detailed technical studies at its Kubi Gold Project. All mines and exploration projects are located on the prolific Bibiani and Ashanti Gold Belts. Asante has an experienced and skilled team of mine finders, builders and operators, with extensive experience in Ghana. The Company is listed on the Canadian Securities Exchange and the Ghana Stock Exchange. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana's Golden Triangle. Additional information is available on the Company's website at For further information please contact: Dave Anthony, President & CEOFrederick Attakumah, Executive Vice President and Country Directorinfo@ 604 661 9400 or +233 303 972 147 Cautionary Statement on Forward-Looking Statements Certain statements in this news release constitute forward-looking statements or forward-looking information. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to conditional acceptance for the listing of the Company's common shares on the TSX Venture Exchange and the enhancement of Asante's visibility within the U.S. investment community as a result of the quotation of the Company's common shares on the OTCQX Best Market. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. The reader is referred to the Company's public disclosure record which is available on SEDAR+ ( Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the securities exchanges on which the Company is listed, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. LEI Number: 529900F9PV1G9S5YD446. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
17-07-2025
- Business
- Yahoo
Asante Begins Trading on the OTCQX Market
VANCOUVER, British Columbia, July 17, 2025 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE: ASE | GSE: ASG | FRANKFURT:1A9 | OTCQX: ASGOF) ("Asante" or the "Company") is pleased to announce that the Company has qualified to trade on the OTCQX® Best Market. Asante's common shares will begin trading today on the OTCQX under the symbol 'ASGOF'. Asante's common shares will continue to trade on the Canadian Securities Exchange under the symbol 'ASE'. Trading on the OTCQX Best Market offers companies efficient, cost-effective access to the U.S. capital markets. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Dave Anthony, President and CEO stated: 'We are pleased that Asante's common shares have been approved for trading on the OTCQX Best Market. This quotation will enhance Asante's visibility within the U.S. investment community and provide U.S. investors with the ability to trade Asante's common shares in US dollars. Along with the Company's application and conditional acceptance for listing the Company's common shares on the TSX Venture Exchange, the OTCQX quotation is a further step in Asante's strategy of diversifying the Company's shareholder base by increasing North American market exposure.' U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on The Company has received conditional acceptance for the listing of the common shares of the Company on the TSX Venture Exchange. Completion of the listing is subject to the satisfaction of certain conditions, including, among others, the completion of the transactions contemplated in the Company's June 17, 2025 news release. About Asante Gold Corporation Asante is a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana. Asante is currently operating the Bibiani and Chirano Gold Mines and continues with detailed technical studies at its Kubi Gold Project. All mines and exploration projects are located on the prolific Bibiani and Ashanti Gold Belts. Asante has an experienced and skilled team of mine finders, builders and operators, with extensive experience in Ghana. The Company is listed on the Canadian Securities Exchange and the Ghana Stock Exchange. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana's Golden Triangle. Additional information is available on the Company's website at For further information please contact: Dave Anthony, President & CEOFrederick Attakumah, Executive Vice President and Country Directorinfo@ 604 661 9400 or +233 303 972 147 Cautionary Statement on Forward-Looking Statements Certain statements in this news release constitute forward-looking statements or forward-looking information. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to conditional acceptance for the listing of the Company's common shares on the TSX Venture Exchange and the enhancement of Asante's visibility within the U.S. investment community as a result of the quotation of the Company's common shares on the OTCQX Best Market. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. The reader is referred to the Company's public disclosure record which is available on SEDAR+ ( Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the securities exchanges on which the Company is listed, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. LEI Number: 529900F9PV1G9S5YD446. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
