Ghana: Closing of Initial Public Offering
Asante Gold Corporation has announced that it has completed its initial public offering through its agent, Canaccord Genuity Corp. (“Canaccord”). The Offering consisted of 4,000,000 units at a price of $0.50 per unit for gross proceeds of $2,000,000.
Each unit comprised one common share and one-half of one transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share until February 28, 2014 at a price of $0.70 per warrant share.
The Company now has 20,111,000 issued and outstanding common shares.
The TSX Venture Exchange has approved the Company’s shares for listing under the symbol “ASE”. The Company’s shares are currently halted for trading and the halt is expected to be lifted at the beginning of March 2012.