Ashanti Sankofa Inc. announced a private placement of 2,000,000 units at a price of CAD 0.025 per share for gross proceeds of CAD 50,000 on September 28, 2021. Each unit consists of one common share and one transferable share purchase warrant exercisable for a term of two years at price of CAD 0.05 per share. All securities issued will be subject to a statutory hold period of four months plus a day from the date of issuance. The transaction is subject to to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including that of the TSX Venture Exchange.