Asante Gold Raises $173M, Begins OTCQX Trading

Asante Gold Corporation has raised $173 million through a fully subscribed private placement to support and expand its gold mining operations in Ghana, focusing on the Bibiani and Chirano mines. The financing aims to restructure debt owed to Kinross Gold while simplifying the company's capital structure and positioning Asante to pursue a larger $275 million aggregate funding goal. Additionally, Asante's common shares have qualified for trading on the OTCQX® Best Market under the symbol “ASGOF,” enhancing the company's visibility in U.S. capital markets and allowing American investors to trade its shares in U.S. dollars. This move aligns with Asante's strategic goal to diversify its shareholder base and increase North American market exposure, alongside its conditional acceptance for listing on the TSX Venture Exchange. Asante operates multiple gold projects in Ghana’s prolific gold belts, benefiting from the country's mining-friendly policies and infrastructure. The company’s expanded access to capital markets and strengthened financial footing reflect growing investor confidence in Africa’s gold sector.