Warrant Exercise Price ReducedJanuary 25, 2016
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
Vancouver, British Columbia – January 25, 2016 – Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9) (the “Company”) announces that the Company has reduced the exercise price of 2,000,000 share purchase warrants, originally exercisable at a price of $0.70 per share to $0.15 per share until February 28, 2017. In the event the shares trade at $0.20 or above for 10 consecutive trading days then the warrant holder will have 30 days to exercise or they will expire. This re-pricing is subject to the approval of all warrant holders, which is currently being requested.
By Order of the Board,
“Douglas R. MacQuarrie”
President and CEO
Asante Gold Corporation (CSE:ASE/FRANKFURT:1A9) is continuing to assess the Kubi Gold Mine Option as a high grade underground, direct shipping and toll milling operation; and it is exploring the Betanase concession optioned from Perseus Mining (Ghana) Limited and its 100% owned Fahiakoba concession, all located near the centre of Ghana’s Golden Triangle.
For further information please contact:
Douglas MacQuarrie, President and CEO, tel: +1 604-558-1134; E-mail: firstname.lastname@example.org
Doreen Kent, Shareholder Communications, tel: +1 604-948-9450; E-mail:email@example.com
Kirsti Mattson, Media Relations, tel: +1 778-434-2241; E-mail: firstname.lastname@example.org
Florian Riedl-Riedenstein, Director; E-mail:email@example.com
Additional information is available on our web site at:www.asantegold.com
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.