Asante Gold Started to Trade on the Ghana Stock Exchange

SEATTLE (Scrap Monster): Leading Canadian gold exploration, development and operating company, Asante Gold Corporation announced that it has started trading on the Ghana Stock Exchange (GSE) effective June 29^th. The company had earlier forwarded an application for a secondary listing by introduction on the Main Market of the Ghana Stock Exchange, which has now finally got approval from the Ghana Securities and Exchange Commission. The company will be traded under the symbol ‘ASG’.

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A total of 315,007, 462 shares has been listed at a listing price of GHS 8.87. The market capitalization at the listing price amounts to GHS 2,793,158,565. Black Star Advisors Limited acted as Arranger to Asante in respect of the Listing on the Ghana Stock Exchange, whereas Black Star Brokerage Limited acted as Sponsoring Broker, said the company press release.

Dave Anthony, CEO, Asante Gold Corporation noted that the company has significant ownership by both private Ghanaian investors and Ghanaian institutions. The listing offers Ghana’s investment community and all interested investors the opportunity to participate in its growth to become a Tier-1 gold producer in West Africa, he added.

The GSE listing of the company complements its listing in Canada and Germany.