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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Ashanti Gold Corp    GUL   CA04375E1088

ASHANTI GOLD CORP (GUL)
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Ashanti Gold : Goldplat plc - Modification to option Terms between Ashanti Gold and Goldplat for the Anumso Gold Project

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01/17/2018 | 02:46pm CEST

Goldplat, the AIM quoted gold producer with international gold recovery operations located in South Africa and Ghana and a gold mine in Kenya, notes the announcement by Ashanti Gold Corp. ('Ashanti') (TSXV: AGZ) of 15 January 2018 and confirms that it has agreed to extend the option period, within which Ashanti can acquire 75 per cent. of Goldplat's interest in the Anumso Gold Project in Ghana ('Anumso').

Ashanti now has until 31 October 2018 to earn an initial 51 per cent. of Goldplat's interest in Anumso upon the expenditure of US$1.5m. An additional 24 per cent. interest can be earned through expenditure of an additional US$1.5m in the following 12 months.

Ashanti continues its soil sample programme to test for gold anomalies along the 10km of known conglomerate outcropping within the 29.6 km2 licence area. Further announcements will be made in due course.

Contact:

Gerard Kisbey-Green

Tel: +27 (71) 8915775

(C) 2018 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ASHANTI GOLD CORP 11.11% 0.1 End-of-day quote.-52.38%
GOLDPLAT PLC -2.33% 5.25 Delayed Quote.-30.65%
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Managers
NameTitle
Timothy Rand McCutcheon Chief Executive Officer & Director
Paul D. Klipfel Chief Operating Officer & Chief Geologist
Ann Fehr Chief Financial Officer
Grant Sinitsin Independent Director
Jonathan G. Henry Director
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