Kinross sells regular stocks at ASANTE GOLD for $ 53 million

Kinross Gold Corporation, which is based in Canada -based Canada, has sold a total of 36,927,650 joint shares at Asante Gold Corporation.

This sale represents approximately 5.2 % of the suspended ASANTE shares and 100 % of the common shares that have previously held Kinross.

The shares were sold on the basis of private recruitment and brought 73.11 million dollars. Each shares were priced at $ 1.98, with the exception of the commission.

Before selling, Kinross owned about 5.2 % of due shares and up to 13.2 % on a partially diluted basis, as the collaboration is determined in converting all the convertible tools that they keep.

After the sale, Kinross stated that it is still a “supportive investor” in Asanti, with convertible tools representing about 8.4 % of suspended shares on a partially diluted basis.

Kinross has operations in the United States, Brazil, Mauritania, Chile and Canada.

The shares of the company are traded on both Toronto and the stock exchange papers.

Asante Gold, a Canadian company and a Ghanaian Daraa, is participating in exploring and developing gold in Ghana.

The company runs Bibiani and Chirano Gold mines and displays technical studies in the Kubi Gold project.

Mining and exploration projects are located in my Asante along the Baybani and Ashante gold belts.

Earlier this month, Kinross Gold I completed the sale From 29,850,984 joint shares of ASANTE GOLD, up to about 4.2 % of suspended ASANTE shares and about 44.7 % of Kinross holdings in Asante.

The shares were sold at a price of 1.55 Canadian dollars each, with the exception of the commission, and reached a peak at a total sale price of 46.2 million Canadian dollars.

Before this sale, the Kinross share in Asante Gold was about 9.4 % of premium stocks.

“Kinross sells shared shares in ASANTE GOLD for $ 53 million” originally created and published by Mining technologyThe brand owned by Globaldata.

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