Asante Provides Update ON First Tranche Closing of US$100 Million Non-Brokered Private Placement
ASANTE PROVIDES UPDATE ON FIRST TRANCHE CLOSING OF
US$100 MILLION NON-BROKERED PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES
Vancouver, British Columbia, October 25, 2024 – Asante Gold Corporation ( CSE: ASE | GSE: ASG |
FRANKFURT: 1A9 | U.S.OTC: ASGOF) (“Asante” or the “ Company”) announces that further to the
Company’s press release of September 24, 2024 that announced a US $100 million non-brokered private
placement (the “Offering”) with the first tranche of US$25 million scheduled to close on October 15, 2024,
closing of the first tranche of the Offering has been delayed due to foreign exchange conversion challenges.
Asante confirms that US$14 million of the first tranche of the Offering has been received and that the
balance of subscription funds to effect closing of the first tranche of the Offering is expected to occur on or
about October 31, 2024.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities offered have not been and will not be registered under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be
offered or sold within the United States or to or for the account or benefit of U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is
available.
About Asante Gold Corporation
Asante is a gold exploration, development and operating company with a high-quality portfolio of projects
and mines in Ghana. Asante is currently operating the Bibiani and Chirano Gold Mines and continues with
detailed technical studies at its Kubi Gold Pr oject. All mines and exploration projects are located on the
prolific Bibiani and Ashanti Gold Belts. Asante has an experienced and skilled team of mine finders,
builders and operators, with extensive experience in Ghana. The Company is listed on the Canad ian
Securities Exchange and the Ghana Stock Exchange. Asante is also exploring its Keyhole, Fahiakoba and
Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of
Ghana’s Golden Triangle. Additional inform ation is available on the Company’s website
at www.asantegold.com.
For further information please contact:
Dave Anthony, President & CEO
Frederick Attakumah, Executive Vice President and Country Director
+1 604 661 9400 or +233 303 972 147
Cautionary Statement on Forward-Looking Statements
Certain statements in this news release constitute forward-looking statements, including but not limited to,
statements relating to the terms of the Offering and the timing and ability of the Company to close the first
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tranche of the Offering. Forward-looking statements involve risks, uncertainties and other factors that could
cause actual results, performance, prospects, and opportunities to differ materially from those expressed or
implied by such forward-looking statements. Factors that could cause actual results to differ materially from
these forward -looking statements include, but are not limited to, variations in the nature, quality and
quantity of any mineral deposits that may be located, the Company’s inability to obtain any necessary
permits, consents or authorizations required for its planned activities, the Company’s inability to raise the
necessary capital or to be fully able to implement its business strategies, and the price of gold. The reader
is referred to the Company’s public disclosure record which is available on SEDAR+ (www.sedarplus.ca).
Although the Company believes that the assumptions and factors used in preparing the forward- looking
statements are reasonable, undue reliance should not be placed on these statements, which only apply as of
the date of this news release, and no assuran ce can be given that such events will occur in the disclosed
time frames or at all. Except as required by securities laws and the policies of the securities exchanges on
which the Company is listed, the Company disclaims any intention or obligation to upda te or revise any
forward-looking statement, whether as a result of new information, future events or otherwise.
LEI Number: 529900F9PV1G9S5YD446. Neither the CSE nor its Regulation Services Provider (as that
term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.