Asante Gold Corporation has entered into an agreement with a major institutional investor to sell 18,232,000 units of the company.

The deal which expected to be on a non-brokered private placement basis will go at a purchase price of C$1.50 per unit and expected to raise C$27.34 million. Proceeds from the offering is expected to be used for exploration and development of the its mineral properties and for general corporate working capital purposes.

For more information, please see https://www.graphic.com.gh/business/business-news/asante-gold-announces-c-27-million-financing.html