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Asante Gold Announces C$125 Million Bought Deal Private Placement, C$13.8 Million Non-Brokered Private Placement, Access to US$30 Million Senior Debt Accordion
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About this update from Asante Gold Corporation
[{"type":"text","content":"Asante Gold Announces C$125 Million Bought Deal Private Placement, C$13.8 Million Non-Brokered Private Placement, Access to US$30 Million Senior Debt Accordion\n\n\n\n\n\n Not for distribution to United States news wire services or for dissemination in the United States\n \n\n\n\n VANCOUVER, British Columbia, Dec. 16, 2025 (GLOBE NEWSWIRE) --\n \n Asante\n \n\n Gold Corporation\n \n (TSX-V: ASE | GSE: ASG | OTCQX: ASGOF) (\"\n \n Asante\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has entered into an agreement with BMO Capital Markets (\"\n \n BMO\n \n \"), pursuant to which BMO has agreed to act as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (together with BMO, the \"\n \n Underwriters\n \n \"), in connection with a bought deal private placement of an aggregate of 78,125,000 common shares in the capital of the Company (\"\n \n Common Shares\n \n \") at a price of C$1.60 per Common Share (the \"\n \n Offering Price\n \n \") for aggregate gross proceeds of C$125,000,000 (the \"\n \n Brokered Offering\n \n \").\n \n\n In addition, the Company has also granted the Underwriters an option, exercisable in whole or in part up to 48 hours prior to the closing date of the Brokered Offering, to purchase up to an additional 11,718,750 Common Shares at the Offering Price for additional gross proceeds of up to C$18,750,000.\n \n\n The Company intends to use the net proceeds of the Brokered Offering for development and growth expenditures at the Bibiani and Chirano mines, and for general working capital purposes.\n \n\n The Brokered Offering is anticipated to close on or about January 6, 2026 or such other date as the Company and the Underwriters may agree. Completion of the Brokered Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals for the Brokered Offering, including the acceptance of the TSX Venture Exchange.\n \n\n The Common Shares will be offered: (a) by way of private placement in each of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws; (b) in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provide...