June 13, 2019
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIESVancouver, British Columbia – June 13, 2019 – Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9) (“Asante” or the “Company”) announces that it has reached an agreement to settle outstanding debt of C$132,687.50 to an arm’s length creditor by way of the issuance of 1,895,536 common shares of the Company at a deemed value of $0.07 per share.
The common shares issued will have a four (4) month and one day hold period from the date of distribution.
On behalf of the Board,
“Douglas R. MacQuarrie”
President and CEO
About Asante Gold Corporation
Asante is continuing to develop its Kubi Gold Mine project towards production, and is exploring its Keyhole, Fahiakoba and Betenase concessions/options for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle. Please see Asante Gold press release dated March 11, 2019, on SMD.
For further information please contact:
Douglas MacQuarrie, President and CEO, tel: +1 604-558-1134; E-mail: email@example.com
Doreen Kent, Shareholder Communications, tel: +1 604-948-9450; E-mail: firstname.lastname@example.org
Valentina Gvozdeva, Business Development, E-mail: email@example.com
Florian Riedl-Riedenstein, Director; European Investor Relations, E-mail: firstname.lastname@example.org
Additional information is available on our web site at: www.asantegold.com
Further information on Kubi is available at the "Kubi Gold Mine" section on our website.
LEI Number: 529900F9PV1G9S5YD446
.Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.