Asante Gold Increases Previously Announced Bought Deal Private Placement to C$156 Million
Not for distribution to United States news wire services or for dissemination in the United States VANCOUVER, British Columbia, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Asante Gold Corporation (TSX-V: ASE | GSE: ASG | OTCQX: ASGOF) ("Asante" or the "Company") is pleased to announce that it has entered into an agreement with BMO Capital Markets ("BMO"), 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 "Underwriters"), to increase the size of the previously announced bought deal private placement to an aggregate of 97,500,000 common shares in the capital of the Company ("Common Shares") at a price of C$1.60 per Common Share (the "Offering Price") for aggregate gross proceeds of C$156,000,000 (the "Brokered Offering"). 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 14,625,000 Common Shares at the Offering Price for additional gross proceeds of up to C$23,400,000.
