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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 - 01/25
1602 JPY   -0.68%
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Asante Gold : Corporation - Private Placement Announced For IP Anomaly Trenching Program Kubi Gold Project Ghana SMD Update

01/14/2020 | 09:43am EST

Vancouver - Asante Gold Corporation (CSE: ASE/ FRANKFURT: 1A9) ('Asante' or the 'Company') announces a best efforts private placement to accredited and exempt investors ('Private Placement'), of up to 3,000,000 units at $0.05 per unit (each a 'Unit'), for aggregate gross proceeds of up to $150,000.

Proceeds from the private placement will be used to complete a trenching program on newly outlined IP targets on our Kubi Gold project and for general working capital purposes.

Douglas MacQuarrie, President and CEO states, 'At Kubi, the tenor of the gold mineralization is directly related to the sulfide content. Geophysical IP highs are often indicative of sulfide mineralization. The discovery of numerous IP high anomalies, brownfields to our Kubi Main gold resource, opens up extensive opportunities for resource expansion.'

The Company also announces that the field program to expose the gold mineralization in the north face of the Kubi pit has been successfully completed. Work consisted of: cleaning debris and some vegetation from the first two benches of the pit to expose fresh rock; the establishment of local survey control points in order to accurately locate collars for the proposed SMD pilot hole and the taking of grab samples (5.93g/t Au over 3.0 metre true width), to confirm the boundaries of the gold mineralized zone.

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 -4.55% 0.105 Delayed Quote.-4.55%
ASANTE INCORPORATED -0.68% 1602 End-of-day quote.7.23%
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Financials
Sales 2020 14 432 M 139 M 139 M
Net income 2020 1 580 M 15,2 M 15,2 M
Net cash 2020 8 351 M 80,5 M 80,5 M
P/E ratio 2020 11,9x
Yield 2020 -
Capitalization 17 622 M 170 M 170 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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