Asante Gold Corporation Unveils Ghanaian Bond Offering Plans
Asante Gold Corporation Announces Ghanaian Bond Offering
VANCOUVER, British Columbia – Asante Gold Corporation (CSE: ASE | GSE: ASG | FRANKFURT: 1A9 | U.S.OTC: ASGOF) is thrilled to share that it has secured approval from the Securities and Exchange Commission of Ghana and the Ghana Stock Exchange for a bond offering. This pivotal move will enable the company to raise up to US$400 million through the issuance of debt securities in the Ghanaian market.
Details of the Bond Offering
The upcoming Ghana Bond Offering will allow Asante to issue these securities in Ghanaian Cedis while being indexed to the USD/GHS exchange rate. This offering is expected to attract a diverse array of investors, including local pension funds, commercial banks, high-net-worth individuals, and international investors, offering them a chance to participate in the growth story of Asante Gold Corporation.
Funding Growth Initiatives
Proceeds from the bond issuance are earmarked for various strategic initiatives. Asante aims to utilize the funds to enhance operational capabilities at its Bibiani and Chirano mines, pursue strategic acquisitions, and manage refinancing of existing liabilities. This bond initiative represents a crucial step in supporting the company’s ambitious growth agenda.
Vision for the Future
Asante’s President and CEO, Dave Anthony, expressed enthusiasm regarding the bond program. He noted that the initiative provides Ghanaian investors with a rare opportunity to invest in Asante Gold, particularly as the company works towards establishing the Bibiani-Chirano area as a leading gold production district in Africa. He projects a production target of over 500,000 ounces of gold annually by 2028.
Strategic Partnership for Success
IC Securities (Ghana) Ltd and Temple Investments Ltd will serve as Joint Lead Arrangers and Transaction Advisers, ensuring the successful execution of the Ghana Bond Offering. Their involvement underscores the significance of this offering within the region's capital markets.
Company Overview
Asante Gold Corporation stands as a prominent player in the gold industry, specializing in exploration, development, and operational excellence. Currently, the company manages the Bibiani and Chirano Gold Mines, alongside conducting in-depth technical evaluations at its Kubi Gold Project. The company’s extensive portfolio is situated within the rich mining regions of the Bibiani and Ashanti Gold Belts.
Asante's dedicated team consists of seasoned professionals proficient in mining, exploration, and operations within Ghana. Their expertise assists the company in navigating the complexities of the gold sector effectively. In addition to its operational mines, Asante is actively exploring several promising projects including Keyhole, Fahiakoba, and Betenase—each poised for significant contributions to their growing portfolio.
Contact Information
For further inquiries regarding Asante Gold Corporation, please reach out to:
Dave Anthony, President & CEO
Frederick Attakumah, Executive Vice President and Country Director
Email: info@asantegold.com
Phone: +1 604 661 9400 or +233 303 972 147
Frequently Asked Questions
What is the purpose of the Ghanaian Bond Offering?
The bond offering will enable Asante Gold Corporation to raise funds for growth initiatives, operational expenditures, acquisitions, and refinancing liabilities.
Who can invest in the Ghana Bond Offering?
Investors eligible to participate include local pension funds, commercial banks, high-net-worth individuals, and international investors.
How much capital does Asante aim to raise?
Asante Gold Corporation aims to raise up to US$400 million through this bond offering.
What are Asante's future production goals?
Asante targets to produce over 500,000 ounces of gold annually by 2028 from its mining operations.
Who are the advisers for the bond offering?
IC Securities (Ghana) Ltd and Temple Investments Ltd will act as Joint Lead Arrangers and Transaction Advisers for the Ghana Bond Offering.
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