Asante Gold (TSE:ASE) has released an update.
Asante Gold Corporation has secured approval to offer a bond program in Ghana, where it plans to raise up to $400 million in debt securities for the expansion and operation of its gold mines. The funds raised will target investments in growth initiatives, operating expenses, and refinancing efforts to turn Bibiani-Chirano into a top-tier gold district. The bonds, to be offered in local currency but indexed to the US dollar, are open to various investors including pension funds, banks, and high net worth individuals.
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