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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Asante Incorporated    6073   JP3117350003

ASANTE INCORPORATED

(6073)
  Report
End-of-day quote. End-of-day quote Tokyo Stock Exchange - 01/27
1605 JPY   +0.44%
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Asante Gold : Board Changes Announced

11/03/2020 | 10:11am EST

Vancouver - Asante Gold Corporation (CSE: ASE/ FRANKFURT: 1A9/U.S.OTC: ASGOF) ('Asante' or the 'Company') announces that Nadia Abdul Aziz has been appointed a Director of the Company, effective immediately.

In addition, Dr. Abdel-Majeed Haroun has stepped down and has agreed to continue to assist the company as a Special Advisor and Consultant. The Board thanks Dr. Haroun for his service to the Company and shareholders and wish him success in his future endeavours.

Mrs. Aziz who is resident in Accra, Ghana joins fellow directors Bashir Ahmed (VP Production & Development, Accra, Ghana), Alex Heath (Independent Director, Audit Committee Chair, Vancouver), Carsten Korch (Independent Director, Lima, Peru), Douglas MacQuarrie (President & CEO, Vancouver), Roger Norwich (Independent Director, UK). The Board members are fully invested in the future of the company and currently own or exercise control over 42.06% of the shares on a fully diluted basis.

The Company also announces that an induced polarization survey has commenced on our Fahiakoba concession located immediately north of Perseus' Edikan mine holdings. This program is to locate sulfide mineralization along the major Obuasi-Akropong shear zone where it crosses the concession. Previous drilling of 30 holes for 4,995 metres in 2012-13, targeted shear zones from a VTEM survey, auger soil drilling and ground VLFEM surveys, with best results in FAH12-005 @ 202m where a calcite quartz veinlet with pyrite and free gold assayed 0.5m @ 290 g/t Au and the previously announced trenching program on the 513 zone at Kubi is continuing with results expected by the end of November.

About Asante Gold Corporation

Asante is continuing to source funding to expand and develop its Kubi Gold project to production, and is exploring the Keyhole, Fahiakoba and Betenase concessions/options for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana'sGolden Triangle.

Contact:

Douglas MacQuarrie

Tel: +1 604-558-1134

Email: douglas@asantegold.com

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ASANTE GOLD CORPORATION -4.76% 0.1 Delayed Quote.-9.09%
ASANTE INCORPORATED 0.44% 1605 End-of-day quote.7.43%
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Financials
Sales 2020 14 432 M 138 M 138 M
Net income 2020 1 580 M 15,1 M 15,1 M
Net cash 2020 8 351 M 79,9 M 79,9 M
P/E ratio 2020 11,9x
Yield 2020 -
Capitalization 17 501 M 168 M 168 M
EV / Sales 2019 1,33x
EV / Sales 2020 0,72x
Nbr of Employees 962
Free-Float 77,7%
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Managers and Directors
NameTitle
Sei Miyauchi President, Representative Director & GM-Sales
Masami Iishiba Managing Director & GM-Administration
Atsushi Nishiyama Director & General Manager-Compliance
Katsumi Uchida Independent Outside Director
Shigeharu Dogakinai Independent Outside Director
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