Asante Gold Corporation (“Asante” or the “Company”) is pleased to announce that further to its application for a secondary listing by introduction on the Main Market of the Ghana Stock Exchange (the “GSE”), the Company has received final approval from the Ghana Securities and Exchange Commission and the Ghana Stock Exchange to commence trading.
Trading will commence under the symbol ‘ASG’ at the opening on June 29, 2022.
A copy of the *Prospectus “SECONDARY LISTING BY INTRODUCTION ON THE GHANA STOCK EXCHANGE OF EXISTING 315,007,462 COMMON SHARES OF ASANTE GOLD CORPORATION” is available on the Company’s website indicated below.
Listing Statistics
| Price on CSE (as at date on day of Listing) | CAD$1.58 |
| Initial Listing Price on GSE1 | GHS 8.87 |
| Number of Ordinary Shares listed by Introduction2 | 315,007,462 |
| Market capitalization at Listing Price (CAD$) | 497,711,780 |
| Market capitalization at Listing Price (GHS) | 2,793,158,565 |
Notes:
- Based on exchange rate of price on CSE at CAD$ 1.00 = GHS 5.6120 as at June 28, 2022 (Bank of Ghana)
- Number of shares outstanding as at May 31, 2022, the date of the prospectus.
Douglas MacQuarrie, Non-Executive Chairman stated, “It is with a great sense of ‘having arrived’ that Asante is now listed on Ghana’s premier stock exchange, one of the best performing stock exchanges in Africa in 2021. This listing complements our listings in Canada and in Germany and provides our Ghanaian shareholders, and potential new investors, the opportunity to invest and trade their shares locally in Ghana.”
Asante’s CEO, Dave Anthony, added, “Asante has significant ownership by both private Ghanaian investors and Ghanaian institutions, and the Company is excited to be able to offer Ghana’s investment community and all interested investors the opportunity to participate in our growth as we work to achieve our vision of becoming a Tier-1 gold producer in West Africa.”
Black Star Advisors Limited and Black Star Brokerage Limited acted as Arranger and Sponsoring Broker respectively to Asante in respect of the Listing on the Ghana Stock Exchange.
