Asante Gold to seek secondary listing and $3 million capital raise on GSE

Asante Gold Corporation engaged Black Star Advisors Limited of Accra Ghana to act as a Financial Advisor in connection with the company’s proposed secondary listing on the Ghana Stock Exchange.

In connection with this listing, and on the basis of the strong interest so far received, the company will seek to raise up to $3 million on terms to be determined in the context of the market at that time.

Funds raised will be applied to working capital, and in particular to advance operations at the Kubi Gold Mine project and for aggressive exploration at Kubi and other prospecting licenses and options in Ghana. There can be no assurance that this financing will be completed.

Given the dynamics of our recently strengthened Board of Directors and the strong desire of local investors to participate directly in the growth of Ghana’s mining industry, we believe the timing is right to extend our trading beyond Canada and Frankfurt to Ghana, Africa’s number one gold producer,.” the company said in a statement.

About Asante Gold Corporation

Asante is continuing to develop its Kubi Gold Mine project to production, and is exploring the Keyhole, Fahiakoba and Betenase concessions/options 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 website at: www.asantegold.com