Asante GOLD Closes Third Tranche of Private Placement
ASANTE GOLD CLOSES THIRD TRANCHE OF PRIVATE
PLACEMENT
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
FOR IMMEDIATE RELEASE March 2, 2017
Vancouver, British Columbia – March 2, 2017 – Asante Gold Corporation (CSE:ASE/
FRANKFURT:1A9/OTC:ASGOF) ("Asante” or the “Company") announces that it has closed
the third and final tranche of a private placement originally announced on September 22, 2016.
The Company raised a total of $1,250,006 by the issuance of 6,944,477 Units at $0.18 per
Unit. Each Unit consists of one common share and one-half of a share purchase warrant. Each
whole share purchase warrant is exercisable to acquire an additional common share for a two
year period from the date of issuance at a price of $0.25 per share.
The Company paid total finders’ fees of $18,210 and issued 112,055 broker warrants, carrying
the same terms and conditions as the warrant comprising the Units.
Proceeds from the private placement will be used for general working capital, including drilling
and other work programs on the Comp any’s Keyhole, Betenase, Fahiakoba and Kubi projects in
Ghana. All securities purchased under this offering will be subject to a four month and one day
hold period.
On behalf of the Board,
"Douglas R. MacQuarrie"
President and CEO
About Asante Gold Corporation
Asante and BXC Company Ghana Limited have agreed to form a 50:50 Joint Venture to develop the Kubi Mining
Leases in Ghana as a potential near term underground mine; and Asante is exploring the Keyhole, Fahiakoba and
Betenase concessions, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle.
For further information please contact:
Douglas MacQuarrie, President and CEO, tel: +1 604-558-1134; E-mail: [email protected]
Doreen Kent, Shareholder Communications, tel: +1 604-948-9450; E-mail: [email protected]
Kirsti Mattson, Media Relations, tel: +1 778-434-2241; E-mail: [email protected]
Rebecca Greco, Business Development, tel: +1 416-822-6483; E-mail: [email protected]
Florian Riedl-Riedenstein, Director; European Investor Relations, E-mail: [email protected]
Additional information is available on our web site at: www.asantegold.com
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the
adequacy or accuracy of this release.