Asante Gold enters agreements for $500M of financing proceeds

Asante Gold (ASGOF) entered into the key definitive agreements for the Company’s previously announced financing plans, and a restructuring agreement with Kinross Gold (KGC) The Agreements encompass a senior debt facility in the amount of $150 million, a subordinated debt facility in the amount of $125M and a gold stream financing in the amount of $50M Along with the C$237M bought deal private placement of subscription receipts completed on July 7, 2025 and a further anticipated $10M non-brokered private placement of common shares of the Company, the Company expects to receive approximately $500M in total gross proceeds in August 2025. The material terms of the Financing Package are consistent with the Company’s news releases dated June 17, 2025 and July 7, 2025. The Company intends to use the net proceeds of the Financing Package for development and growth expenditures at the Bibiani and Chirano mines in Ghana, satisfaction of a cash payment due to Kinross, the retirement of short-term liabilities and for general working capital purposes.