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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (21493)	8/16/2016 9:07:27 PM
From: Goose94	Read Replies (1) \| Respond to of 203651

Ashanti Gold (AGZ-V) Aug 16, '16 has arranged a non-brokered private placement of up to five million units at a price of 26 cents per unit for gross proceeds of up to $1.3-million. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional share of the company for a period of three years from the date of issuance at a price of 36 cents per share. In the event that the company's shares trade at a closing price of greater than 50 cents per share for a period of 10 consecutive days at any time after the closing of the offering, the company may accelerate the expiry date of the warrants by providing notice to the shareholders thereof and in such case the warrants will expire on the 30th day after the date on which such notice is given by the company. Finders' fees may be payable to arm's-length parties that have introduced the company to certain subscribers participating in the offering. All securities issued in the offering are subject to a four-month hold period, during which time the securities may not be traded. Closing of the offering is subject to the approval of the TSX Venture Exchange. The net proceeds from the placement are intended to be used to finance the exploration costs related to the earn-in agreement on the Anumso property, pursuant to the letter of intent with Goldplat PLC, announced on July 13, 2016, as well as for general corporate purposes. Appointment of chief financial officer The company has appointed Ann Fehr as CFO. Ms. Fehr is a chartered professional accountant with over 15 years of experience in senior management and has worked in the mining sector since 2007. The board would like to thank the outgoing CFO Ming Jang for his service to the company. For further information, please contact: Timothy McCutcheon, CEO & Director, at phone 604-638-3690.