https://www.miningweekly.com
Africa|Exploration|Gold|PROJECT|Resources
Africa|Exploration|Gold|PROJECT|Resources
africa|exploration|gold|project|resources

Asante takes a slice of Roscan

24th September 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold developer Asante Gold Corporation has announced a $5-million strategic investment into West African gold explorer Roscan Gold Corporation.

Under the terms of the agreement, Asante will subscribe for 22.1 million common shares at a price of C$0.29 per Roscan common share, giving Asante a 6.7% interest in the junior company.

Asante would have the right to appoint one representative to the Roscan board, and has agreed not to dispose of any of its Roscan shares for a period of four months.

“We are pleased to welcome Asante as a strategic investor in Roscan. The investment by Asante introduces a rapidly growing partner with solid African based assets and strong connections with alternative pools of capital to help us unlock value on our highly prospective 401.8 sq. km land package. Proceeds will be used to fund Roscan’s ongoing exploration program towards developing maiden resources on multiple high potential targets,” said Roscan president and CEO Nana Sangmuah.

Asante president and CEO Douglas MacQuarrie noted that Roscan’s 100% owned Kandiole gold project, in West Mali, is located in one of the most prolific and productive gold jurisdictions in Africa.

“Results to date show a high potential to define a substantial gold mineral resource. With this investment, Asante’s shareholders gain exposure to Roscan’s large exploration upside, and at a very attractive entry point.”

Edited by Creamer Media Reporter

Comments

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.086 0.121s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: