Asante Gold (TSE:ASE) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Asante Gold Corporation has announced a significant US$100 million equity financing deal through a non-brokered private placement of its common shares, which will be completed in three separate tranches. The proceeds are intended to support the company’s growth, including initiatives at the Bibiani and Chirano mines, as well as allowing for potential acquisitions and the refinancing of liabilities. Additionally, Asante is progressing with a bond program in Ghana and is working towards an amended repayment agreement with Kinross Gold Corporation.
For further insights into TSE:ASE stock, check out TipRanks’ Stock Analysis page.
